1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
murzikaleks [220]
3 years ago
13

How do natural resources and geography relate to economic growth for a country?

Business
2 answers:
allsm [11]3 years ago
7 0

Limited natural resources like infertile land and lack of coastal access can limit economic growth of a country.  

<u>Explanation:</u>

Agriculture is an important sector that determines a country’s economic stability. If a country   does not have enough agricultural productivity it should depend on other countries to meet its needs. This will cause the outflow of wealth from the nation to other countries and slow down its economic growth.  

Fertile land is the necessary resource that ensures stable agricultural productivity. If a country’s geographical location favours its trade relations with other nations, imports and exports become smoother. Coastal access is an important factor that boosts up a country’s active participation in global trade.  

Thus infertile land and lack of coastal access can bring down the economic growth of a country.

Archy [21]3 years ago
4 0

Answer:

Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Explanation:

Natural resources are a source of wealth for the country.  Mineral such oil and precious stones have made nations wealthy.

Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security.  Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.

You might be interested in
Reliable Cars has sales of $807,200, total assets of $1,105,100, and a profit margin of 9.68 percent. The firm has a total debt
Andreyy89

Answer:

19.64%

Explanation:

The return on equity shall be determined through following mentioned formula:

Return on equity=Net profit/Equity

In the given question

Net profit=9.68%*$807,200=$78,136.96

Equity=Assets-Total Debt

          =$1,105,100-64%($1,105,100)

          =$397,836

Return on Equity=$78,136.96/$397,836

                           =19.64%

3 0
3 years ago
Oriole Company was formed on December 1, 2019. The following information is available from Oriole's inventory record for Product
Leokris [45]

Answer:

FIFO Ending Inventory $ 64900

Explanation:

Oriole Company

Date                         Particulars        Units       Unit Cost       Total Cost

January 1, (beginning inventory)    2,000              $15         30,000

January 5,            Purchases:         2,500              $17          42500

January 25,          Purchases:         2,200               $18         39600

February 16,        Purchases:           1,100                 $19        20900

<u>March 15,               Purchases:         2,200              $20        44000</u>

<u>Total                                                10,000                            $ 177000  </u>

A physical inventory on March 31, 2020, shows 3,300 units on hand.

FIFO means first in first out. It is a method of calculating inventory items. In it the first items purchased are sold out first. Following this rulethe ending inventory FIFO can be calculated by moving backwards from March 15 purchases as follows.

FIFO Ending Inventory $ 64900

March 15 Purchases  2,200 units at $20=$ 44000

February 16,Purchases units 1,100 at $19 =$20900

6 0
2 years ago
The RIASEC model is one way to classify people by their personality type. The model suggests that employees will have more caree
miss Akunina [59]

Answer:

True

Explanation:

The SDS ( RIASEC MODEL) is a direct product of a theory of personality types and environmental models developed by John Holland.

It proves that you can use your three-letter Summary Code to locate occupations (or fields of study, or leisure activities) that correspond best with your personality and thus are most likely to satisfy you.

3 0
3 years ago
Nonprice competition refers to:
umka21 [38]

Answer: Option C

Explanation: Non price competition can be defined as the business strategy under which one entity tries to distinguish its commodity offered from another entity in the market with the help of advertising and promotion etc.

Non price competition is generally seen in the oligopoly market structure. The difference between two products in an oligopoly having non price competition is based on the design or workmanship of the manufacturer.

6 0
3 years ago
After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy
Talja [164]

Answer:

1-2%

Explanation:

In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

8 0
2 years ago
Other questions:
  • Which career pathway describes the two main aspects of the Business, Management, and Administration career cluster?
    6·2 answers
  • If the prepaid rent account before adjustment at the end of the month has a debit balance of $2,800, representing a payment made
    5·1 answer
  • The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summ
    12·1 answer
  • You asked two of your friends to give you their opinions of a business proposal you have written. Now you have received two sepa
    11·1 answer
  • On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $54,000. During the 2018 accounting period,
    12·1 answer
  • If I have a half circle how many degrees are they?
    11·1 answer
  • Vision Tech’s stock price is currently trading at $17 per share. The consensus among analysts is that the intrinsic value of Vis
    5·1 answer
  • All are signs of neglect and emotional abuse EXCEPT:
    5·2 answers
  • Which of the following is true of variances? a.Unfavorable variances occur whenever actual prices or actual usage of inputs are
    11·2 answers
  • At the end of the current year, using the aging of receivable method, management estimated that $18,000 of the accounts receivab
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!