A country that earns much of its revenue by exporting raw materials, such as oil, or leasing out natural resources to foreign companies is known as

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A rentier state is one that derives a significant portion of its national revenue from the rent of its natural resources to external clients. This term is often used to describe countries with abundant oil reserves that lease access to these resources to foreign companies, thereby earning substantial income without the need for a diversified economy.

A Country That Earns Much of Its Revenue by Exporting