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What does the economy in Paraguay consist of?

A. Gambling
B. Reselling imported consumer goods
C. Paper industrialization
D. Industrial construction


Sagot :

Final answer:

Paraguay's economy heavily relies on agriculture, particularly soybean production and cattle ranching.


Explanation:

Agriculture plays a significant role in Paraguay's economy, with approximately 40% of the population making a living from it. The country is known for being the sixth-largest producer of soybeans globally and has a strong commodity in cattle ranching. However, challenges such as poor rural conditions and limited arable land hinder increased agricultural growth.


Learn more about Paraguay's Economy here:

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