Discuss the role of resources in economic development of a country.
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Role of Natural Resources in Economic Development! The principal factor affecting the development of an economy is the natural resources or land. ... This is due to economic backwardness and lack of technological factors. Therefore, natural resources can be developed through improved technology and increase in knowledge.
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┗─━─━─━─━∞◆∞━─━─━─━─┛
Role of Natural Resources in Economic Development! The principal factor affecting the development of an economy is the natural resources or land. ... This is due to economic backwardness and lack of technological factors. Therefore, natural resources can be developed through improved technology and increase in knowledge.
________
Thanks✊..
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The principal factor affecting thedevelopment of an economy is the natural resources or land. “Land” as used in economics includes natural resourcessuch as the fertility of land, its situation and composition, forest wealth, minerals, climate, water resources and searesources etc.
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