How does various economies struggle for natural resources?
Answers
Answer:
natural resource economics deals with the supply, demand, and allocation of the earth's natural resources. One main objective of natural resource Economics is to better understand the role of natural resources in the economy in order to develop more suitable and sustainable methods of managing those resources to ensure their availability to future generations. Resource economics study interactions between economic and natural systems, with the goal of developing a sustainable and efficient economic.
Explanation:
Natural resources such as oil, gas, minerals and timber are expected to continue to play a significant role in resource abundant economies, as demand from rapidly growing economies increases, and as supplies of non-renewable resources decline and renewable resource harvests approach maximum sustained yield levels.
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