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Burka [1]
3 years ago
8

What impact does the location of resources around the globe have on countries and their economies? Answer in at least one well-d

eveloped paragraph
History
1 answer:
Sati [7]3 years ago
4 0
The impact that location of resources has on countries and their economies around the globe is that of supply and demand. If a country is lacking in a resource, let's say steel, yet the demand for steel in that country is high then the economies cycle breaks and the government must spend more money to have the product imported in. They have to do this in order to keep the process of supply and demand, if there is no steel, then there is no demand and this part of the economy crumbles.
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Supporters of Marxism argue that this will eliminate income disparity and social class in society. It is true , to a certain extend. Since the government is dividing the resources, almost no people will receive more than the others.

Critics of marxism argued that this will make government becomes too powerful and provide no incentive for the people work. If people are not rewarded with the ability to own private property,  we will not attract enough people to fill jobs with high difficulties and requirements.

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