The quantity and quality of natural resources vitally affect
the economic growth of a country. Among the natural resources, We generally
include the land area and the quality of the soil, forest wealth, good river
system , minerals and oil resources, good and bracing climate, etc. A country’s
productive capacity largely depends on the natural resources available. Without
a minimum availability of natural resources it is idle to expect any sisal
economic growth. But it may be noted that the existence of natural resources is
not a sufficient condition of economic growth. For instance , idea is blessed
by nature with good and sufficient resources, yet it is poor and under-
developed. This is due to the fact that the natural resources have not been
properly harnessed and fully exploited.
This is the greatest factor that can affect other factors to make the economy of the Country progess and sustained .The principal factor affecting the development of an economy is the natural resources. Among the natural resources, the land area and the quality of the soil, forest wealth, good river system, minerals and oil-resources, good and bracing climate, etc., are included. For economic growth, the existence of natural resources in abundance is essential. A country deficient in natural resources may not be able to develop rapidly
ReplyDelete