Asked by Anonymous

How are natural resources related to a country's economy?

Answered by Ms. Sue
http://www.jiskha.com/display.cgi?id=1378417209
Answered by Anonymous
Does my previous answer apply to this question as well?
Answered by Ms. Sue
Yes.
Answered by Anonymous
My answer: Natural resources are related to a country's economy as they are a major part of world trade. This is especially true of the fossil fuels, since industry relies on them for both power, energy, and raw materials in manufacturing.
Answered by Ms. Sue
Yes.


Answered by Ms. Sue
In general, the country with the most natural resources is economically better off than other countries. However, that is not true of Israel and Japan, for instance. They have few natural resources, but are considered rich nations. They have used their human labor and ingenuity to buy raw materials and manufacture products to sell as exports. Some countries have abundant natural resources but have not managed them well and so are economically poor.
Answered by Psedonymous
I believe that you use natural recourses to create money, you use water in your house, and wood = paper.
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