Illustrate with suitable examples how economic development has been leading to faster consumption of resources ? Do you consider it a desirable situation?
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Answer:
Explanation:
The quantity and availability of natural resources affect the rate of economic growth. The discovery of more natural resources, such as oil or mineral deposits, will give a boost to the economy by increasing a country's production capacity.
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Explanation:
The principal factor affecting the development of an economy is the natural resources. Among the natural resources, the land area and the quality of the soil, forest wealth, good river system, minerals and oil-resources, good and bracing climate, etc., are included.
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