If a nation is rich in resources than it can be developed justify the statement

Social Studies

1 answer:

ad-work [718]3 years ago

7 0

resources are god gifted . more resources more development. yes the above statement is true.

Resources are important for the development of any country. It would be a fair assumption to make that a country with a large. Natural resources, economic growth, and sustainable development. .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. No resources no growth.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.the measures of natural resource wealth may be endogenous to institutions and, in particular, its level of democracy.

thus for the proper development of a nation being rich in resources is benifitial

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If a nation is rich in resources than it can be developed justify the statement ​

If a nation is rich in resources than it can be developed justify the statement