What effect did natural resources have on the development of the region

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08-02-2021
Geography

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What effect did natural resources have on the development of the region

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mishrakalapna335 mishrakalapna335 · Answer 1 · 2021-02-19T10:52:16-05:00

mishrakalapna335 mishrakalapna335

19-02-2021

Answer:

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.

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Tundexi Tundexi · Answer 2 · 2021-10-19T06:01:23-04:00

Natural resources are resources which serves as free gift to mankind.

Examples of Natural resources in a region includes Water, Coal, Oil, Natural gas, Phosphorus, Bauxite, Copper, Gold etc

Some natural resources are used for food production, fuel or raw materials for the production of goods.

Other Natural resources such as coal, natural gas or oil helps to provide heat, light and power for various purpose.

Through, Natural resource, the production process that stimulates economic growth is attained because the resources helps in manufacturing or Exportation which builds the wealth of the region.

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What effect did natural resources have on the development of the region

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