Why some countries in the world have natural resources but they Cannot Utilise it?

Some countries in the world have resources but they cannot use these resources. This is because they don’t have the money to buy technology from which these resources could be used. So it is a potenital resource and cannot be uSed until we have the right techonlogy.

Which country does not make use of their natural resources?

Vatican City is the country with least natural resources. The country has almost no nature’s resources at all. The country is suffering from the complete lack of the coal reserves. The natural gas reserves are also not existent.

How does natural resources affect different countries?

They are the natural capital out of which other forms of capital are made. They contribute towards fiscal revenue, income, and poverty reduction. Sectors related to natural resources use provide jobs and are often the basis of livelihoods in poorer communities.

What country has the most natural resources in the world?

China
China has the most natural resources estimated to a staggering $23 trillion. 90\% of the country’s resources consist of coal and rare earth metals.

When can we make the best use of nature 8?

People can make the best use of nature to create more resources when they have the knowledge, skill and the technology to do so. That is why human beings are a special resource and they are the most valuable resource of the present time.

What steps needs to be taken for the conservation of resources mention any four?

Answer: following steps have been taken at the international level to conserve world resources: 1) to Create national park s and wildlife sanctuaries. 2) reserve some area s as biodiversity zones. 3) Many days of the year are there which are declared to create awareness among the individual s e.g. world water day.

Why do countries destroy natural resources?

Mostly to blame are anthropogenic, or human-generated factors, including the burning of fossil fuels like coal and oil. Other industries like gem and mineral mining also destroy the world’s ecological sustainability, leading to deforestation and the destruction of natural habitats.

What are the disadvantages of natural resources?

The Disadvantages of Natural Resources: Depletion sometimes leads to unemployment and then poverty….

• Renewable resources are only available in certain parts of the world, eg sunny places.
• Non renewable resources are scarce and will run out.
• Non renewable resources cause pollution.
• Renewable resources are expensive.

Why are natural resources Bad?

Natural resource revenues have also been linked to slow economic growth rates, inequality, and poverty. One culprit may be the so-called “Dutch disease,” whereby resource revenues raise a country’s exchange rate, hurting competitiveness in non-resource sectors.

Why do some countries have more natural resources than others?

All countries of the world are not created equally, some possess more natural resources while others have less. A country that has more natural resources will not need to import them as the availability of many raw materials has the opportunity to increase the economic growth and development of the country.

What are some countries that are well developed without natural resources?

Some of these countries that are well developed without natural resources are but not limited to: Due to the nature of their country- a volcanic island and mountainous country- Japan has a very less amount of natural resources to give adequate support to its economic growth and development.

Why do some countries have to spend more on importation?

Due to few, little or no resources in their country, they will have to import a lot of natural resources from other countries, this makes them spend more on importation. While some of these countries have to spend more on natural resources, a lot of them still tend to thrive and perform well economically.

Does an abundance of natural resources equal economic prosperity?

An abundance of natural resources brings economic prosperity, particularly in developing countries where those raw materials often represent the single biggest contributor to state finances. Or so the theory goes.