Asked By: Abraham Wilson Date: created: Feb 21 2021

Why resources are very important for development

Answered By: Charles Brown Date: created: Feb 21 2021

Resources are important for the development of any country.

For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources.

Natural resources are getting scarce with the increasing population, so it is essential to conserve them..

Asked By: Aidan Ward Date: created: Aug 09 2021

What are the means and resources needed for development

Answered By: Jayden Evans Date: created: Aug 09 2021

Means and resources of infrastructure are raw materials, labour-power, capital, and power sources. The infrastructure of development are communication, education, health, power, market, commerce, irrigation and leisure facilities.

Asked By: Jack Moore Date: created: Oct 31 2021

Are Natural Resources good or bad for development

Answered By: Dylan Scott Date: created: Oct 31 2021

Despite volatile commodity prices, natural resource rents thus seem to advance economic development. The negative indirect effect shows that, over the long term, natural resources undermine the development of institutions.

Asked By: Abraham Mitchell Date: created: Aug 29 2021

What kind of resources are needed for development

Answered By: Harold Walker Date: created: Sep 01 2021

For example, coal and iron are required for the growth and development of the iron and steel industry which is vital for the development of any country. Further, there are many other minerals which are of economic importance. Also, mineral fuels like petroleum, coal thorium and uranium are of national importance.

Asked By: Jacob Clark Date: created: Feb 27 2022

What are the four key factors that influence economic growth

Answered By: Carter Martin Date: created: Feb 28 2022

Economic growth only comes from increasing the quality and quantity of the factors of production, which consist of four broad types: land, labor, capital, and entrepreneurship.

Asked By: Clifford Price Date: created: Jul 09 2021

What is sustainable development in resources

Answered By: Brian Alexander Date: created: Jul 11 2021

Sustainable development is the management of renewable resources for the good of the entire human and natural community. Built into this concept is an awareness of the animal and plant life of the surrounding environment, as well as inorganic components such as water and the atmosphere.

Asked By: Colin Robinson Date: created: May 26 2021

How do natural resources help development

Answered By: Lewis Lopez Date: created: May 26 2021

Natural resources, both renewable and non-renewable, and ecosystem services are a part of the real wealth of nations. They are the natural capital out of which other forms of capital are made. They contribute towards fiscal revenue, income, and poverty reduction.

Asked By: Gregory Griffin Date: created: Jun 26 2022

How natural resources affect the development process

Answered By: Donald James Date: created: Jun 27 2022

Natural resources, economic growth, and sustainable development. … Natural resources have a double-edge effect on economic growth, in that the intensity of its use raises output, but increases its depletion rate. Natural resource is a key input in the production process that stimulates economic growth.

Asked By: Jeffery Hernandez Date: created: Jun 19 2022

Do you agree with this statement resources are important for development

Answered By: Raymond Murphy Date: created: Jun 20 2022

Ans. Resources are important for the development of any country. For example, fossil fuels are essential to generate energy, mineral resources are important for industrial development, etc. … (iii) Natural resources are available in fixed quantity and they are non – renewable.

Asked By: Logan Rogers Date: created: Dec 02 2021

How do resources affect the development of a country

Answered By: Gilbert Perez Date: created: Dec 04 2021

The quantity and availability of natural resources affect the rate of economic growth. The discovery of more natural resources, such as oil or mineral deposits, will give a boost to the economy by increasing a country’s production capacity.

Asked By: Richard Washington Date: created: Aug 31 2021

What is the richest country in resources

Answered By: Joshua Johnson Date: created: Sep 02 2021

Democratic Republic of the CongoThe Democratic Republic of Congo is widely considered to be the richest country in the world regarding natural resources; its untapped deposits of raw minerals are estimated to be worth in excess of U.S. $24 trillion.

Asked By: Noah Smith Date: created: Dec 31 2021

What do you think would be the effect of degradation of natural resources to the economy

Answered By: Francis Russell Date: created: Jan 02 2022

The natural resources contribute at large to the economic development of a nation. Consumption pattern if not addressed will lead to irreversible climate change and declined economic growth, as a result of increased social, economic, and environmental costs and decreased productivity.

Asked By: Raymond Sanders Date: created: Jan 05 2022

What is the relationship between resources and development

Answered By: Owen Johnson Date: created: Jan 08 2022

The relationship between resources and development is a complex one for many reasons. Resources are naturally occurring things that a country needs either to trade or survive. For example: building space, arable land, water, coal, oil, gold, etc. Definitions of development vary greatly.

Asked By: Devin Griffin Date: created: Mar 19 2021

What is resource and development

Answered By: Richard Reed Date: created: Mar 20 2021

What Do You Mean By Resource Development? Resource development means the development of natural resources effectively and efficiently without harming the environment or human existence. The benefits of resource development are not only for the present but also for future generations.

Asked By: Brandon Green Date: created: Feb 08 2022

How does financial resources affect the development process

Answered By: Lewis Alexander Date: created: Feb 10 2022

Explanation: Financial resources affect the development of a country in the following way: a) Development of economy – Financial resources lead to development of economy of the country, leading to generation of employment opportunities, reduction in poverty and overall nation’s development.

Asked By: Caleb Diaz Date: created: May 18 2021

How does financial resource increase the speed of development

Answered By: Jose Edwards Date: created: May 19 2021

Financial system promotes capital market. A dynamic capital market is capable of attracting funds both from domestic and abroad. With more capital, investment will expand and this will speed up the economic development of a country.

Asked By: Dylan Young Date: created: Apr 09 2022

How are resources and economic development linked

Answered By: Carlos Henderson Date: created: Apr 10 2022

This means that strong economic growth leads to excessive use of resources. Granted this strong link between GDP and resource use globally, we have two options to ensure our sustainable existence: consume less and curb economic growth, or find a way to decouple resource use from the economy.

Asked By: Zachary King Date: created: Feb 23 2022

Why are resource rich countries poor

Answered By: Clifford Moore Date: created: Feb 23 2022

Discoveries of natural resources rarely bring the wealth one would expect to a poor country. … On average, resource-rich countries have done even more poorly than countries without resources. They have grown more slowly and with greater inequality—just the opposite of what one would expect.

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