give two examples of how free gifts of nature affect the economic activities of a region
Answers
Answer:
Plains, mountains, oceans, seas, rivers, air, etc. are all free gifts of nature. Land can be said as the original source of all material wealth and richness of natural resources is linked closely to the economic growth of a country.
Explanation:
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Answer:
The free gifts of nature affect the economic activities in a positive way and contribute to production and thus are the factors of Production. The two examples of how free gifts of nature affect the economic activities of a region are -
1. Production of agricultural goods depends on soil, rainfall and climate of a region.
2. Industrial activity depends on availability of coal mines and water fall for electricity production.
Explanation:
According to Benham, anything which contributes to production is a factor of production. Nature, being the capital (one of the factor of production) can be of different types such as air, water, land, etc,., as they may contribute to production activities.