the availability of resources is a necessary conditions for the development of any region but mere availability of resources in the absence of corresponding change in technology and institution may hinder development. Give example to support the statement
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nmental challenges and natural resources constraints, and skill-biased technological change – have put additional pressure on our economies.
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(a) Both assertion and reason are true and reason is the correct explanation of assertion.
Mere availability of resources in the absence of corresponding changes in technology and institutions may hinder development. Thus, both resources and advanced technologies contribute in development of a region.
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