Australia is rich in Natural Resources, which give the nation considerable wealth. Its mining sector, while periodically undergoing normal boom and bust times, is particularly strong, enabling the country to have a very strong economy. As a result of this, Australia trades with a great many other countries, as it can offer iron ore, uranium, opals, diamonds, nickel, tin, gold, silver and lead, just to name a few. During the recent worldwide Global Financial Crisis, Australia weathered the economic storm much better than most other countries.
yes
without natural resources government cannot sustain the needs and wants of the consumers.
The climate and Natural Resources of an area affect its economyThe more natural resources a country has, the faster it will grow, all other things held equal.
The affect that geography had on the economy of the middle Colonies was to help the economy. Farming was the main source of the economy and the fertile soil, and Natural Resources aided the Middle Colonies economy.
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The Quantum Legacy is when pudding is thrown at a monkey
What resources
Greece is a country wealthy from its own natural resources. The country depends on less imports from other countries compared to most other countries. The country has massive amounts of gold, oil, and other natural gases. The economy in Greece is experiencing a depression because the people are not tapping into the wealth of 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, these resources are distributed where they are needed in the quantities they are needed.
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How do the Natural Resources in a region affect which products people make?
Becauase