Mention the points which help in development of Resources.
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1. The mass production should be replaced by or replaced with the production by masses. 2. A person should use resources according to their needs not to their greed.
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The three necessary conditions for the development of resources are:-
(i) Resources can contribute to development only when they are accompanied by appropriate technological development and institutional changes.
(ii) There is need for quality of human resources i.e. skilled workers who can convert natural resources into more useable form.
(iii) There is also a need for capital, which is required to develop technology.
Explanation:
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