How Do Resources Affect The Development Of A Country

Financial resources affect indias economy infrastructure and its trade in many ways. Natural resources undoubtedly play an important role in the economy of many countries.

How Does Financial Resources Affect The Development Of The Country Brainly In

how do resources affect the development of a country

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Developed countries are technologically advanced and hence even if there is a scarcity of some natural resource say cultivable land they can still produce enormous amount of crop using sophisticated technology.

How do resources affect the development of a country. Resources also provides surplus prices that is utilized in the countrys infrastructure amenities development of education medical and enhancing trade relations. The government can run a country without. Contrary to the developing countries natural resources may not occupy a prominent place in the process of economic development of the developed countries.

Natural resource revenues have also been linked to slow economic growth rates inequality and poverty. There are different types of resources who supports to a countrys developmentyahhuman resources take a vital role by the using of natural resourcesmineral resources is the most precious. Arguably countries like australia botswana and norway have gained enormously over long periods from their natural resources others like azerbaijan kazakhstan and russia have gained in.

The more resources a country has the faster it will grow all other things held equal that is assuming that the country does not have an abnormal situation with morale or labor or transportation that would interfere with the countrys growth. Healthier societies have higher development levels. A development of economy financial resources lead to development of economy of the country leading to generation of employment opportunities reduction in poverty and overall nations development.

There are different types of resources who supports to a countrys developmentyahhuman resources take a vital role by the using of natural resourcesmineral resources is the most precious. One culprit may be the so called dutch disease whereby resource revenues raise a country. Poor nutrition and bad housing affects health levels.

Countries that are politically stable are able to use their natural and human resources for development. Whether their contribution to development is positive or negative is however a contested and difficult question. If a nation has low financial resources than eventually this would lead to a weakening of the currency thereby affecting the interpersonal relations of the countries with the respective one.

Financial resources affect the development of a country in the following way. Developing countries have a lot less money to spend on healthcare.

How Do Natural Resources Affect Economic Development Help Save Nature