Traditional areas of economic production

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Core Question:

During the early years of Texas development, the state developed a heavy dependence on three primary areas of economic production; oil, cattle, and cotton. However, over the course of the 20th Century, the population of Texas has continued to grow at a notable rate which has forced a diversification of the Texas economy.

Question. Has Texas reached a point of equilibrium where the traditional areas of economic production (oil, cattle, and cotton) are no longer essential to the survival of the state thus allowing Texas to further its economic diversification and reduce its dependency on these traditional areas. Or, is Texas still dependent on these areas for economic survival and viability which requires the state to continue supporting these traditional economic powerhouses in the foreseeable future.

Reference no: EM133060389

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