Question

Mention the economic importance of minerals

Answer 1

⚡̲It can bring foreign exchange by exporting minerals to other countries.
̲◆⚡̲It increases our GDP by increasing income.
̲ ◆⚡̲It helps in development of economic infrastructures.

Answer 2

Minerals are important natural resources which are also economically important, because;

1) Minerals are used to produce different necessary chemical compounds and different metals which have great selling values.

2) Some rare minerals have direct resale values in the market.

3) Some minerals are used in different manufacturing procedures.

And many more.