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How can the presence or absence of natural resources and arable land affect a nations economy regardless of the type of economic system?
If a country has few resources and little land for crops, it may not be able to produce enough food and products for the people.
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 nothing without air or an economic system to power them. Natural Resources are neither sufficient or necessary for economic development in any one particular country. Economic systems explain why resource rich Nigeria is dirt poor, while resource scarce nations like Japan are filthy rich. However, if all nations had the same economic system, then the nation with natural resources would of course be richer in real terms. The textbook explanation is that resource presence increase a nation's Long Run Supply, or Production Possibilities. However, there is no guarantee that the nation will actually put these resources to use, and fulfill their potential economic development.
What is meant by limiting factor in budgeting?
The flow of an activity is limited by the presence or absence of one or many factors necessary for survival. That factor is called as limiting factor.
How is laissez-faire related to capitalism?
Laissez faire is a French term meaning "allow to do." In economic terms this refers to the absence of government regulation of financial transactions.
What were NOT factors for wartime economic growth?
Factors that did not contribute to wartime economic growth include a lack of technological innovation, limited access to international markets, and insufficient labor supply. Additionally, inadequate infrastructure and ineffective government policies can hinder economic expansion during wartime. The absence of strong industrial capabilities also plays a crucial role in restraining growth.
How can the presence or absence of natural resources and arable land affect a nation’s economy, regardless of the type of economic system?
Take an Educational guess
How can the presence or absence of natural resources and arable land affect a nations economy regardless of the type of economic system?
If a country has few resources and little land for crops, it may not be able to produce enough food and products for the people.
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 nothing without air or an economic system to power them. Natural Resources are neither sufficient or necessary for economic development in any one particular country. Economic systems explain why resource rich Nigeria is dirt poor, while resource scarce nations like Japan are filthy rich. However, if all nations had the same economic system, then the nation with natural resources would of course be richer in real terms. The textbook explanation is that resource presence increase a nation's Long Run Supply, or Production Possibilities. However, there is no guarantee that the nation will actually put these resources to use, and fulfill their potential economic development.
What does a positive presence-absence test indicate?
The Presence-Absence (P-A) test is a presumptive detection for coliforms.
Is absence a preposition?
No. Absence is a noun. It is generally the antonym of "presence."
What actors and actresses appeared in Absence Presence - 2009?
The cast of Absence Presence - 2009 includes: Nadine Helstroffer
What actors and actresses appeared in In the Presence of Absence - 2011?
The cast of In the Presence of Absence - 2011 includes: Chen Cohen
Is fungi the presence or absence of a cell?
fungi is the presence of a cell
What is the opposite meaning of absence?
presence
What is the antonym for absence?
attendance, presence,
What is positive peace?
Positive peace is more than the absence of violence; it is the presence of social justice through equal opportunity, a fair distribution of power and resources.
Sentence of absence?
The absence of a passenger put the cruise ship on high alert.
