Diversification of economy by not focusing mainly on one major source of income boost and increase the economy to a large extent, as well limiting the losses....in a country tourism, technology, Agriculture and Sports mainly football will grow and boost an economy vastly.....why some Countries suffered during the Covid 19 pandemic is all because they focused and operated in one section to generate income, so boosting of an economy can also be achieved in different ways including crypto currency.
You are totally right about that, a country shouldn’t just focus in one particular area to generate income. A country should focus on diverse areas for them to be able to generate income and grow their economy.
I have seen countries where they just focused on their mineral resources or things like that to be generating income for the country but that is totally wrong, because one day something might happen that might affect that country in that particular area and that means there will be no other means for them to generate income and the economy is going to suffer. The government should focus in a lot of things like agriculture , sports , tourism,cryptocurrency and so many more, and they will see their economy growing.