Question

Q) Which resources play a vital role in the utilisation and development of a Natural Resource?

Please Answer quickly!! ​

Answer 1

The principal factor affecting the development of an economy is the natural resources or land. “Land” as used in economics includes natural resources such as the fertility of land, its situation and composition, forest wealth, minerals, climate, water resources and sea resources etc.

HOPE THIS HELPS YOU THEN FOLLOW ME AND MARK AS BRAINLIEST....❤

Answer 2

Answer:

Any underdeveloped country starting its journey of economic development has to begin with and concentrate on the development of locally available natural resources.

These resources help in increasing the levels of living and purchasing power. Further, an increased purchasing power helps obtain foreign exchange which is then used to purchase capital equipment. This sets the development process in motion.