The leading natural resource in Nigeria is oil
Answer:
These phases are explained as under.
Explanation:
- The term unceded means the unyielded like the unproductive lands or wastelands, the term ancestral means belonging to some other old or belonging to prehistoric inherited form.
- The term traditional means something that is tribal or native to the place of origin or it's traditional has specific moral values and ethical code of conduct associated with it. Like the traditional practices of people.
- The term territorial means to related to the land or oceanic territory under the jurisdiction of the state or ruler, or province.
- All these words together mean someplace on earth that is both a traditional property of the ancients like the Mayan civilization in America or the barren or destroyed ancient ruins of Greece.
Capital resources include all of the tools and machines used in industry.
<u>Explanation:</u>
Capital resources are the man-made tools, machines used in the production of goods. Capital resources can be an asset, tool, piece of machinery that is handled by concern over an extended period.Capital resources are goods manufactured and used to produce other goods and services.
Goods can usually be categorized as both consumer goods or capital goods. For case, when a person buys a car for personal use, the car is a consumer good. When a company buys a car to transport products, the car is considered a capital good.
