Obama
Higher taxes on resources
Capital Goods
An over dependence can cause slower economic development
Economic growth consists of many features. In some cases, smaller features work together to provide conditions for economic growth. One feature is that there needs to be a balance between import and export. Neither of these can be substantially higher than the other. Secondly, resources that are available need to be used efficiently and productively. Mismanagement of resources and over consumption may stun economic growth.
It depends on the land and the resources also the population
Pine Trees
True Economic growth occurs when there is an increase in the production of goods and services (GDP) of a certain period of time. With more resources available more goods or services can be produced
Economic growth that assures basic resources for the future is associated with sustainable human development. This type of development meets current needs without compromising the future.
Economic growth often leads to increased consumption of natural resources, including water, energy, and raw materials, which can strain these resources and lead to depletion. This heightened demand can result in environmental degradation, such as deforestation, soil erosion, and loss of biodiversity. Additionally, as resources become scarcer, competition for them can intensify, potentially leading to higher prices and social conflict. Ultimately, unsustainable growth can undermine long-term economic stability and quality of life.
infrastructure development,positive externalities and non-exhaustion of natural resources
to sit on a bench with a hobo who doesn't have teeth and is married to a box.