What would you like to do?

How do resources affect the economy?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

The more resources, the more economic activity is possible, the fewer resources, the less economic activity is possible.
Michael Montagne
7 people found this useful
Thanks for the feedback!

What is a one-resource economy?

a one-resource economy is an economy that relies on one thing

How can the presence or absence of natural resources and arable land affect a nation's economy?

That's like asking how can the presence of lungs and other vital organs affect life if their was no air being breathed by a human. The organs, like resources, are nice, but do

When is the allocation of resources in an economy considered to be inefficient?

when total resources in an economy is not equally allocated among four factors of production i.e land, labor, capital and organization then allocation of resources in an econo

How does resources are allocated in free market economy?

Resources, in a free market, are allocated by buyers and sellers. Buyers determine the quantity determined by their willingness and ability to pay for the products. Prices are

How are natural resources related to a country's economy?

Countries trade for raw materials that they need for energy and to manufacture products. Therefore, the more natural resources a nation has, the more it will prosper. Natura

How do natural resources contribute to Canada's economy?

Earlier in it's history, Canada depended on it's natural resources.  Today the economy is more diverse.   Here is a list of useful natural resources that contributed to 

How does entrepreneurial resources effect a countries economy?

Entrepreneurial resources can affect the economy of a country if these resources are utilized to supplement companies or in fact create new companies. If successful then it of

How does the global economy affect the apportionment of natural resources?

The distribution of economic power between nations determines where  materials are needed most. Because, at any point in time, there are  finite amounts of natural resources