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Chile Economy

Chile economy once served as an ideal for several other South American nations. At present Chile economy is based mainly on open trade and several other sectors.

The main pillars of Chile economy, apart from the trade and commerce, are, the agricultural industry, mineral resources and also other industries. There are a wide range and variety of crops that are produced in Chile and they contribute hugely in the economy of Chile. Mineral resources also play a very good role in Chile economy along with other industrial sectors.

Chile economy is dependent largely on agriculture. A wide number of crops, vegetables and fruits are produced in Chile. The main agricultural area in Chile is the Vale of Chile. The main crops of this South American country are beans, potatoes, sweet beets and wheat. The large vineyards in the Vale of Chile is the main source of the industry of wine in Chile. But Chile does not produce more than adequate foodstuffs and that is one of the main economic problem of this country.

Chile economy is also largely dependent on the mining of several mineral resources. Copper is most important among other minerals in this country. Copper is also the main mineral that is exported from Chile and also the chief mineral resource of this country. In fact, Chile economy is dependent on copper very much. But this dependence can create economic problem as in the international market copper price is not that much stable. The other industries that have been developed in Chile and are important part of the Chile economy, are also related with these two main fields, namely the agricultural fields and the mineral industries.

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