Resources are important for the development of nation. Give two reason

1.	Resources are important for the development of nation. Give two reason.
Answer» resources, both renewable and non-renewable, and ecosystem services are a part of the real wealth of nations. They are the natural capital out of which other forms of capital are made. They CONTRIBUTE towards fiscal revenue, income, and poverty reduction. resources, economic GROWTH, and SUSTAINABLEDEVELOPMENT. ... Natural resources have a double-edge effect on economic growth, in that the intensity of its use raises output, but increases its depletion rate.Natural resource is a key input in the PRODUCTION process that stimulates economic growth. For example, coal and IRON are required for the growth and development of the iron and steel industry which is vital for thedevelopment of any country. Further, there are many other minerals which are of economic importance. Also, mineral fuels like petroleum, coal thorium and uranium are of national importance.

Resources are important for the development of nation. Give two reason.

Answer»

resources, both renewable and non-renewable, and ecosystem services are a part of the real wealth of nations. They are the natural capital out of which other forms of capital are made. They CONTRIBUTE towards fiscal revenue, income, and poverty reduction.

resources, economic GROWTH, and SUSTAINABLEDEVELOPMENT. ... Natural resources have a double-edge effect on economic growth, in that the intensity of its use raises output, but increases its depletion rate.Natural resource is a key input in the PRODUCTION process that stimulates economic growth.

For example, coal and IRON are required for the growth and development of the iron and steel industry which is vital for thedevelopment of any country. Further, there are many other minerals which are of economic importance. Also, mineral fuels like petroleum, coal thorium and uranium are of national importance.

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