Explain any four factors for resource development in India
Answers
Explanation:
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
Resources can be defined as the repositories of essential items and articles that can be drawn out whenever required for individual..Resource accessibility: Resources should be made available to all people for optimum utilisation. Skill: Upgrading to latest technologies and skills will ensure appropriate development of resources in the country. Superiority of human resources: Knowledge gained by people plays an important role in resource development. Past experiences of the people: People who have experienced the situations of resource scarcity in the past will clearly understand the importance and the finest consumption of resources in the future ...
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bin suleyman shah oulu ertugrul
Answer:
Resources can be defined as the repositories of essential items and articles that can be drawn out whenever required for individual or collective benefit.
The factors of resource development in India can be said to be:
1. Skilled population
2. Resource management
3. Technology development
4. Indigenous innovation
Explanation:
A skilled population would favor the optimum and lossless use of the resources.
If the resources are managed well by planning and by carrying out various activities at various levels, it would in turn help in resource development.
The development in technology would allow more efficient use of resources and result in resource development.
Indigenous innovations would help in the emergence of India-specific solutions to the problems regarding the development of resources.