Chad's economy is dependent on oil reserves and is very sensitive to world economic cycles, commodity prices, and fluctuations in exchange rates.Hence, one could term this economy as an example of:

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Chad's economy is considered a factor-driven economy because it relies heavily on the export of a single or a few natural resources (in this case, oil reserves) and is sensitive to external economic factors such as commodity prices and exchange rates. Factor-driven economies are characterized by their dependence on unprocessed natural resources and basic production processes.

Chad's Economy Is Dependent on Oil Reserves and Is Very