Assertion (A) A country at present has very high national income due to surplus oil resources. However it is essential to look for alternative sources of income also
Reason(R) Oil is a natural resource that is non renewable in nature. If it is not used judiciously then it will get exhausted soon.
Answers
Answer:
assertion is true and reason is the correct explaination
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Answer:
Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Explanation:
Many Middle East countries have a similar percentage of their source of revenue. They are overly dependent on their exports of fossil fuels, thus this might be a factor that might compromise their entire economy. Furthermore, since any fossil fuel is non-renewable, thus always runs the risk of depletion.
Having stated this, it is never a good plan to put all of one's eggs in the same basket. We witness how badly the Sri Lankan economy is compromised owing to its overreliance on tourism. Thus having various means of earning revenue is the best approach for any economy.