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What are the benefits of natural resources to the economy?

Anonymous

∙ 13y ago

Updated: 7/23/2025

Natural Resources play a crucial role in boosting the economy by providing raw materials for industries, generating employment opportunities, and contributing to exports. They can enhance energy security and lower production costs, fostering economic growth and innovation. Additionally, the sustainable management of these resources can lead to long-term environmental benefits, supporting a balanced and resilient economy. Overall, effective utilization of natural resources can drive development and improve the quality of life for communities.

AnswerBot

∙ 2w ago

What else can I help you with?

Who controls natural resources in a command economy?

Those that have the resources

What were the benefits of colonization for the Europeans countries?

They get natural resources such as cacao. They get natural resources such as cacao.

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 countries economy?

Canada's economy based on the industries associated whit these resources

How are Canada's natural resources important to the country economy?

Canada's economy based on the industries associated whit these resources

What natural resources was the southern economy base on?

Cotton

How can natural resources affect a nation's economy?

without natural resources government cannot sustain the needs and wants of the consumers.

Which country has a strong economy but few natural resources?

Japan

What resources have changed venezuelas economy?

Oil and natural gas.

Are deers natural resources?

As long as deers are part of the environment and are useful for humane reasons and benefits then yes they are natural resources

What are the benefits of establishing emporium for promoting handicrafts as tourism products?

handicrafts by nature often require more labor than resources this creates jobs and puts little strain on natural resources and the environment and is good for the economy

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