Question

Describe the role of resources in the economic development of a country

Answer 1

Explanation:

• The resources of a country can contribute to its economic development through increasing production and manufacturing, securing energy supply, increasing export revenues and reducing costs for local businesses and households. The extraction of resources can be done on a number of scales.

Answer 2

Answer:

The resources of a country can contribute to its economic development through increasing production and manufacturing, securing energy supply, increasing export revenues and reducing costs for local businesses and households..

They contribute towards fiscal revenue, income, and poverty reduction. ... Government plays the essential role in putting into place policies that ensure that resources contribute to the long-term economic development of nations, and not only to short-term revenue generation.