Question

If a nation is rich in natural resources then it can be developed

Answer 1

Answer:

Not Necessarily

Explanation:

There are many countries rich in natural resources such as China, India, Nigeria. These countries have coal, oil, fertile soil near river banks, animals like cows and sheeps especially in India.  Countries that are rich in natural resources can also be Underdeveloped or developing.

Many countries with low GDP's are rich in natural resources but they country can be in debt and will be forced to sell the natural resources for less price through trade so that they can reduce the debt.

Answer 2

Explanation:

It would be a fair assumption to make that a country with a large amount of natural resources would be more likely to develop fastest and furthest. This could be assumed because natural resources in a country would be likely to stimulate trade at first within that country, and later to outside countries

$It \: would \: be \: a \: fair \: assumption \: to \: make \: that \: a \: country \: with \: a \: large \: amount \: of \: natural \: resources \: would \: be more \: likely \: to \: develop \: fastest \: and \: furthest. \: This \: could \: be \: assumed \: because \: natural \: resources \: in \: a \: country \: would \: be \: likely \: to \: stimulate \: trade \: at \: \: first \: within \: that \: country, \: \: and \: later \: to \: outside \: countries \:$