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Why would a country with many natural resources have the potential for a strong economy?
Wiki User
∙ 11y ago
Natural Resources can be harvested, refined and sold abroad, bringing good money into the country.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoBecause generally, those "developed" countries have already stripped their natural resources from the land. Also, some "undeveloped" countries are quite "wild" and remote
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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
How can natural resources affect a nation's economy?
without natural resources government cannot sustain the needs and wants of the consumers.
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 economies grow when one or more of the factors such as labor capital natural resources or entrepreneurship is missing?
An economy can grow even if it's missing an important factor. For example, a country with no natural resources could still rely on skilled workers and technology.
What are the effects of abundant natural resources on a country economy?
It stimulates the economy
What are the effects of abundant natural resources on 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.
What are some natural resources in Liechtenstein?
the natural resources are hydroelectric potential,arable land
Who controls natural resources in a command economy?
Those that have the resources
