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Natural Resources play a crucial role in a country's economy by providing raw materials for industries, generating employment, and contributing to exports. They can stimulate economic growth and development, particularly in resource-rich nations, by attracting investments and fostering infrastructure development. Additionally, the management and sustainable use of these resources can enhance energy security and environmental sustainability, ultimately supporting long-term economic stability. Overall, natural resources are fundamental to both immediate economic activities and broader national prosperity.
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How natural do resources affect a country's population and distribution and economy?
The Quantum Legacy is when pudding is thrown at a monkey
Who controls natural resources in a command economy?
Those that have the resources
Why would a country with many natural resources have the potential for a strong economy?
Natural resources can be harvested, refined and sold abroad, bringing good money into the country.
What is domestic production?
Everything is produced locally i.e. , the home country where both human and Natural Resources are employed. The economy is dependent on what it can produce from these resources, e.g. , fruits, vegetables, etc.
How can natural resources affect a nation's economy?
without natural resources government cannot sustain the needs and wants of the consumers.
What are the effects of abundant natural resources on country economy?
It stimulates the economy
What are the effects of abundant natural resources on a country economy?
It stimulates the economy
How are Canada's natural resources important to the country economy?
Canada's economy based on the industries associated whit these resources
Which country has a strong economy but few natural resources?
Japan
How are Canada natural resource important to the country's economy?
Canada's economy based on the industries associated whit these resources
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.
How do climates and natural resources of an area affect its economy?
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.
What does amber mean in Lithuania?
Amber is significant to Lithuania's economy as it is one of the natural resources of that country.
How natural do resources affect a country's population and distribution and economy?
The Quantum Legacy is when pudding is thrown at a monkey
The availability of natural resources is important to any country's economy some natural resources are renewable which is an example of a renewable resource?
like biomass,biofuels,also water resources are kind of renewable types.
Where can natural resources be found in Trinidad?
Natural resources in Trinidad can be found in various areas such as forests, coastal areas, and offshore oil and gas reserves. The country's main natural resources include oil, natural gas, limestone, and forests. These resources play a significant role in the country's economy and development.
How is a clothes store a domestic level of production?
it is produced in the the home country where both human and natural resources are employed. The economy is dependent on what it can produce from these resources
