Question

How the utility of a resource enables a country to transform itself from under development to a developed one.give example

Answer 1

Countries with more natural resources enable it to transform itself from under developed to developed as most of the natural resources are in demand in many other countries . Thus country with resources can export it other country, receiving a lot of cash which increases the economy of the country . Thus leading to development . Example- Oil resources in central asian countries like Saudi Arabia, UAE, Iran etc.