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What is the link between the number of resources and the wealth of a country?
Wiki User
∙ 13y ago
Quite often a nation can gain wealth and expand their economies based on the availability of Natural Resources. A nation's mines that produce iron ore, copper, nickel, and other ores used in making machinery aids a nation's development. Additionally, having a strong agriculture base supplies the food necessary to feed itself and export various commodities. The same is true of metal ores. Excess capacity can be used in foreign trade. Lumber from forests is also a key ingredient.If a nation lacks a sizable quantity of natural resources, it sometimes results in taking advantage of underdeveloped ones and use a "colonial" system to supply itself with inexpensive resources and labor.
Wiki User
∙ 8y ago
Wiki User
∙ 13y agomy name is sahar nd i rock :)
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What are the differences between Tudor town houses and Tudor country houses?
Not a lot, if you were ordinary, if you were mega rich then they were made of brick. a sign of wealth then was the number of windows and chimney pots.!
Why do nations go to war over resources?
Generally speaking, resources, especially natural resources are a source of wealth and in some cases a necessity for a nation to develop. Wealth attracts peoples seeking wealth. In a simple example, Spanish conquistadors sought the wealth found in gold attractive and the Native Inca Tribe had gold. The Incas sought to retain their wealth and freedom from foreigners. Spain was willing to go to battle to obtain the gold owned by the Incas.
How did mercantilism benefit the Mother country?
Mercantilism is the economic policy that a metropole (mother country) should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their natural resources for less than they would be worth and by buying manufactures for much more money.These two behaviors resulted in mercantilism providing an economic benefit to the metropole.
Why did European nations seek to establish colonies in distant lands?
The Europeans were able to receive any resources from that distant land because of these colonies. With resources, comes wealth. With wealth, comes power. ect. ect.
What dynasty formed an alliance with the mongols?
The Ming Dynasty
What affects GDP?
Literacy rate, the amount of resources, and the country's wealth.
How do you judge the wealth of a country?
The best way to determine the wealth of a country is to examine it's resources. If a country has excellent medical care and schooling then they are likely rather wealthy.
What was the resources of kerma?
Kerma had gained not only power but wealth, mainly from controlling the trade between Central Africa and Egpyt.
How did mercantilism increase the likelihood of conflicts between European powers?
European nations wanted to control more land as a way to become more economically powerful. The hope was to acquire colonies to control their natural resources and make the nation extremely wealthy.
What is the difference between prosperity and wealth?
Wealth is defined as the possession of an overflowing of valuable resources or material possessions. Prosperity includes wealth but it also includes other contributing factors such as health and happiness.
Did Cleopatra enjoy wealth or poverty?
Cleopatra enjoyed extreme wealth. Egypt was just about the richest country in the area due to its location at the crossroads of East and West. In addition, Egypt had its own natural resources to add to Cleo's wealth.
In which part of the country was wealth based on the amount of land and number of slaves you owned?
south
In which part of the country was wealth based on the amount of land and number of slaves you own?
south
What part of the country was wealth based on the amount of land and number of slaves you owned?
The South
Which of these is true about the difference in wealth between Ethiopia and Saudi Arabia?
Saudi Arabia is richer because of its vast petroleum resources.
What are the differences between Tudor town houses and Tudor country houses?
Not a lot, if you were ordinary, if you were mega rich then they were made of brick. a sign of wealth then was the number of windows and chimney pots.!
How does the natural resources in Greece affect its economy?
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.
