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Explain how distribution of resources impacts the economic activities of a country and a country’s wealth or prosperity. How would a country compensate for lack of resources in the past? How can they “compete” with countries that have abundant reserves of natural resources today?

Natural resources, economic growth, and sustainable development. ... 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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Help fast Explain how distribution of resources impacts the economic activities of a country and a country’s wealth or prosperity. How would a country compensate for lack of resources in the past? How can they “compete” with countries that have abundant reserves of natural resources today?

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Help fast
Explain how distribution of resources impacts the economic activities of a country and a country’s wealth or prosperity. How would a country compensate for lack of resources in the past? How can they “compete” with countries that have abundant reserves of natural resources today?