Question

resources can contribute to development only when they are accompanied by appropriate technological development institutional change explain with example

Answer 1

Resources are the backbone for stability and running of the activities within any firm, however resources alone can not achieve the appropriate development if itffails to be accompanied with the suitable technology, for the economic is dynamic and the technology should always change with time to time to ensure that the firm is moving the right direction.

Answer 2

Answer:

(I) Resources can contribute to development only when they are accompanied by appropriate technological development and institutional changes

(b) there is need for quality of human resources I. e. skilled workers who can convert natural resources into more useable form.

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