Question

Q.What is the importance of the energy resources for an economy ?​

Answer 1

Answer:

Energy is a key source of economic growth because many production and consumption activities involve energy as a basic input. Energy is one of the most important inputs for economic development. ... The energy crises in the 1970's and high-level energy prices slowed down the economic growth.

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Answer 2

Answer:

Explanation:

Energy is a key source of economic growth because many production and consumption activities involve energy as a basic input. Energy is one of the most important inputs for economic development.

Source: http://www.usc.es/economet/journals1/aeid/aeid8114.pdf