Question

How is the difference in natural resources a basis of international trade?? Explain with three example

Answer 1

Answer:

The difference in natural resources a basis of international trades are as follows-

1. Geological Resources-

Geologic resources are valuable materials of geologic origin that can be extracted from the Earth. Many geologic resources originate in the hydrosphere.

Examples are: Petroleum and coal come from organisms that lived and died in water.

2. Mineral Resources-

Minerals are valuable natural resources being finite and non-renewable. Examples are: metals (e.g. iron, copper, and aluminum), and non-metals (e.g. salt, gypsum, clay, sand, phosphates).

3. Climate-

Climate change is an urgent threat to humanity that demands swift, decisive action. Climate impacts are being felt all around the world and on track to get much worse.

Examples are: Fires, Droughts, Floods, Hurricanes, Rising seas etc

Explanation: