An economy that is based on mining or producing raw materials to be used in foreign industries is called
A. an extractive economy.
B. an export economy.
C. a feudal economy.
D. an industrial economy.
An economy that is based on mining or producing raw materials to be used in foreign industries is called an "extractive economy", since it is "extracting" such resources. It can also be called a "resource-based" economy.
