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fiasKO [112]
3 years ago
6

why does economic development continue even when the resources on which it was based are no longer available​

Geography
2 answers:
Serjik [45]3 years ago
8 0

Answer:

This increase in living standards is a result of unprecedented economic growth. But a negative effect has accompanied that growth—environmental degradation. ... Despite their close connection in the past, it is theoretically possible to have limitless economic growth on a finite planet.

yulyashka [42]3 years ago
6 0

Economic development is able to continue in the absence of the resources that first drove it because:

  • Countries can trade to get the resources
  • Economic development allows for diversification

When a nation is unable to access the resources that made it quite successful, it can resort to buying that resource and then improving on it.

For instance, the U.K. used to produce sufficient coal but now import more than they produce.

Another way a nation can continue developing is diversification. The income gained from the resource that has now finished, will enable a nation to go into other economic activities which will continue their development.

For example, China used to export only agricultural goods but diversified into industrial.

In conclusion, a country can keep developing if their primary resource is finished thanks to trade and diversification.

<em>Find out more at brainly.com/question/16066506.</em>

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In order to help the student expand his/her knowledge I will help answer the question. This in hope that the student will get a piece of knowledge that will help him/her through his/her homework or future tests.

As of the year 2009, 700 million people around the globe lived outside their country of birth. This number was obtained by a survey in the year 2009.
<span>
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