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What resources accounts for Venezuela's economic wealth?
i hate e2020 -.-t
Why was mining so important in Ontario and Quebec in the 1900s?
Mining was a major economic driver and wealth creator for Ontario and Quebec. Even today mining and resource are major exports.
Why does africas abundance of natural resources has not translated into economic wealth for most of its population?
Africa's abundance of natural resources has not translated into widespread economic wealth due to a combination of factors, including political instability, corruption, and inadequate infrastructure. Many countries rely on resource extraction, which can lead to a lack of diversification in the economy and vulnerability to global market fluctuations. Additionally, wealth generated from resources often benefits a small elite, while the majority of the population remains impoverished. Furthermore, external influences and exploitative practices by foreign companies can hinder local development and equitable distribution of resource wealth.
Is defined as the measurement of all economic goods which are owned?
wealth or wealth
What is the definition natural resource?
a natural resource is how do people us the land and its area
Which natural resource has contributed to the wealth of the middle east?
Petroleum.
Social responsibility and maximization of society's economic wealth?
Social responsibility and maximization of society's economic wealth has undergone through various changes. The entire society has to take up this responsibility of increasing wealth in their regions in various economic activities.
What is the economic theory that a country's power depends its wealth?
The economic theory that posits a country's power depends on its wealth is known as mercantilism. This theory, prevalent from the 16th to the 18th century, suggests that a nation's strength is directly linked to its economic resources, particularly gold and silver reserves. Mercantilists argue that a favorable balance of trade, where a country exports more than it imports, enhances national power and security. Thus, wealth accumulation through trade and resource management is seen as essential for political and military dominance.
Which class created no economic wealth?
The class that is often considered to create no economic wealth is the "rentier" class, which derives income primarily from ownership of assets and property rather than from productive labor or innovation. Rentiers benefit from existing wealth through rents, interest, and dividends without contributing to new economic value. This can lead to economic stagnation if wealth concentration limits investment in productive endeavors. Ultimately, while they may accumulate wealth, their economic impact can be seen as neutral or even detrimental to overall economic growth.
What is the cause of Distribution of wealth?
The redistribution of wealth is aimed at enhancing levels of economic equality.
What major resource did west Africa kindomsn control?
Mineral wealth
What resource produces most of Finland's wealth?
Oil and natural gas
