explain 4 factors which influence the exploitation of minerals
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Major factors affecting exploitation of mineral resources in the world are as follows: (i) Richness or Grade of the Ore (ii) Size of Deposit (iii) Method of Mining (iv) Accessibility (v) Transportation Facilities (vi) Stage of Industrial Development (vii) Technology (viii) Other Factors.
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Four factors which influence the exploitation of minerals
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4 factors which influence the exploitation of minerals:
There is no single theory that explains the exploitation of minerals. Rather, it is a combination of multiple factors, such as market demand, environmental regulation, technological advances, and economic factors.
1. Market Demand: The demand for minerals will greatly influence their exploitation, with high demand encouraging the extraction of more minerals.
2. Environmental Regulation: Environmental regulations will determine what kind of methods can be used to exploit minerals, as well as how much of the resource can be extracted.
3. Technological Advances: Advances in technology can make the extraction of minerals more efficient, thus leading to increases in exploitation.
4. Economic Factors: The current economic situation will impact the availability of financial resources, which will ultimately affect how much of a mineral resource is exploited.
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