1.

How is the economy of a state influenced by natural resources? Explain in detail.

Answer»

Natural resources include all those resources received from nature which are present in the nearby physical environment of the human being. The form, level and development of any economy depend on the quantity of its geographical and natural resources, diversity, quality and its capability to utilize such resources. Industries get raw materials through mineral resources. Oil, coal, natural gas are the backbone of economy.

In this world, life depends largely upon natural resources. Countries like America, Britain, France, Germany etc. also depend on natural resources. In India, the progress of states like Punjab, Haryana, Gujarat, Maharashtra also depends upon such natural resources. State’s climate, land forest, water and mineral resources decide the state and course of industrial development, which foresightedly effects the employment and income of the state. The state’s economic development is ensured by quantitative and qualitative usage of resources. By proper utilization of natural resources, hitting the next pedestal of development becomes easier.



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