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The discovery of valuable minerals nearby could significantly boost economic activities in the community by attracting investments and creating new job opportunities in mining and related industries. Local businesses may experience growth due to increased demand for goods and services from the influx of workers and companies. Additionally, the community could benefit from improved infrastructure and public services funded by taxes and royalties from mineral extraction. However, it is essential to consider potential environmental impacts and ensure sustainable practices are in place.

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What are economic activities of the early society before the discovery of minerals in South Africa during the early century?

People were self sufficient and had to depend on agriculture to survive ,if you recall at that time goods were bartered and as a result the need for coins was not there it only came around in the 1600s. Minerals were a way showing value and changed the way people traded.


What is the economic activities in Ethiopia?

Coffee Is A Major Economic Activity In Ethiopia.


What is the definition of economic minerals?

An economic mineral is a naturally occurring, inorganic, solid material with a defined chemical composition and crystalline structure.


What economic activities would you most likely to find in a highland climate?

In a highland climate, economic activities typically include agriculture focused on hardy crops such as potatoes, barley, and other root vegetables suited for cooler temperatures. Livestock farming, particularly of sheep and goats, is also common, providing wool and meat. Additionally, tourism can be significant due to the scenic beauty and opportunities for outdoor activities like hiking and skiing. Furthermore, mining operations may occur in certain highland areas rich in minerals.


What are the economic activities of Santiago city?

Santiago, the capital of Chile, serves as a major economic hub in the country, with diverse activities including finance, commerce, and manufacturing. The city hosts numerous multinational corporations, banks, and financial institutions, making it a focal point for investment and trade in the region. Additionally, Santiago's economy benefits from a robust service sector, including retail, education, and tourism, while agriculture and mining also contribute significantly, particularly with copper and other minerals. Overall, Santiago's strategic location and infrastructure support its role as a vital economic center in Latin America.

Related Questions

What are 6 leading economic activities in Illinois?

reading crops leading resources minerals aquifers


What are economic activities of the early society before the discovery of minerals in South Africa during the early century?

People were self sufficient and had to depend on agriculture to survive ,if you recall at that time goods were bartered and as a result the need for coins was not there it only came around in the 1600s. Minerals were a way showing value and changed the way people traded.


What are pros for mining?

There are numerous pros for mining. This creates employment, the minerals can be imported which improves the economic status of a community and so much more.


Which factor of production includes such things as plants and minerals used to create products?

The factor of production that includes plants and minerals used to create products is natural resources. These resources are essential for various economic activities and can be renewable or nonrenewable.


What is the economic activities in Ethiopia?

Coffee Is A Major Economic Activity In Ethiopia.


What are the minerals found in deccan plateau?

The Deccan Plateau is rich in various minerals, including basalt, which is predominant due to volcanic activity. Other significant minerals found in the region include iron ore, manganese, bauxite, and limestone. Additionally, the plateau contains deposits of coal and various gemstones. These minerals contribute to the area's economic activities, particularly in mining and agriculture.


What are minerals of effusive rocks and products of fumoral activities?

minerals of effusive rocks are minerals that are found as result of cooling of magma


What is a resource-based settlement?

A resource-based settlement is a type of community that is established near valuable natural resources, such as minerals or forests. These settlements often rely on the extraction and processing of these resources for economic activities and livelihoods. Development and sustainability of resource-based settlements are closely tied to responsible management of the natural resources they depend on.


What are Arizonas main minerals?

Arizona has a multitude of minerals, however, the primary economic minerals produced here are 1. copper 2. gold


How do minerals help in sports?

Minerals will help you stay healthy, and in "performance" shape


Who discovered minerals?

Minerals have been discovered by various individuals throughout history. The discovery of new minerals usually involves geologists or mineralogists conducting fieldwork, exploration, and scientific research to identify and categorize different types of minerals. There is no single person credited with the discovery of all minerals due to the vast number of minerals found globally.


Why was the discovery at the galapagos rift such a big discovery?

In their undersea subersuble, they were exploring an area called the Galapagos Rift when they discovered vents that spit out very hot water and minerals.