Question

“More availability of resources will not bring economic development.” Justify the statement.
The answer should contain 5 points​

Answer 1

Explanation:

1. There are certain regions which are rich in resources but aren't economically developed.Along with resources, it is imperative to have appropriate technology to ensure optimum utilisation of resources..
2. Regions along with resources require proper institutional set up to make sure that resources are put to use for the development progarmmes.
3. One requires quality human resource as well to ensure proper utilisation of resources.
4. Most importantly, political will, effective implementation mechanism is also required to ensure economic development.
5. We may give example of North east sates which are fairly rich in mineral resources but are considered to be underdeveloped because of lack of appropriate technology, instability in the region etc.

Answer 2

Answer:

FOLLOW THE ABOVE ANSWER ITS ABSOLUTELY CORRECT