Depends upon whether it is commercially reasonable to expect the delivery, or if it is impossible or there is a force majeure clause in the agreement. In other words, if X has other sources, then the obligation remains his burden, regardless of what it might cost. If too expensive to cover the obligation (cant make any profit) then it is reasonable to breach the contract (if no other excuse available) and pay damages, rather than be forced into paying more than the contract is worth.
What is Algeria's source of income?
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What is Algeria's source of income?
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@bigleopard696 said in What is Algeria's source of income?:
What is Algeria's source of income?
The oil and gas sector is the country's main source of revenues, generated about 70% of total budget receipts. The economy is projected to grow by 3.2% in 2013 and by 4.0% in 2014.
Export goods: petroleum, natural gas and petrol
GDP by sector: agriculture: 13.3%; industry: 39
Budget balance: −9.6% (of GDP) (2017 est.) -
Approximately 6000 dollars per person per capita.
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