Question

"If a nation is rich in resources then it can be developed." Justify this Statement.

Min - 60+ Words

Max - 100+ Words

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Answer 1

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ANSWER.
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JUSTIFICATION :

Resources are important for the development of any country

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. Large areas of arable land would stimulate population growth, and the presence of minerals such as gold or copper can be traded for industry. Resources such as oil and coal are vital to stimulate industrialism within a country. With industrialism, goods can be produced solely for trading with other countries that lack the resources to make them. With industrialism comes the tertiary employment industry, providing healthcare, sanitation and education. This would lead the way to social, political and economic development.

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Answer 2

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Here is your answer. ⬇

Natural resources are getting scarce with the increasing population, so it is essential to conserve them.It takes millions of year for the formation of natural resources. 10. They play a vital role in the economic development of the country by enriching agriculture, trade, imports and exports, etc.

Affect the economic growth of a country to a large extent. Natural resources involve resources that are produced by nature either on the land or beneath the land. ... The resources beneath the land or underground resources include oil, natural gas, metals, non-metals, and minerals.

Natural resources provide clean water, food, habitat, protection from extreme events , and opportunities for recreation and tourism. Climate change affects many of the services that natural resources provide. For example, changes in ocean temperature and chemistry are affecting shellfish aquaculture.