ECONOMICS
PRODUCTIVE RESOURCES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The abundance of resources makes the distribution difficult.
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Countries in possession and control of resources have economic power.
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World leaders want to be seen as kind and generous with their countries resources.
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Countries often compete for control over how to preserve resources in their natural state.
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Detailed explanation-1: -The exploitation of high-value natural resources, including oil, gas, minerals and timber has often been cited as a key factor in triggering, escalating or sustaining violent conflicts around the globe. Furthermore, increasing competition over diminishing renewable resources, such as land and water, are on the rise.
Detailed explanation-2: -Resource scarcity occurs when demand for a natural resource is greater than the available supply – leading to a decline in the stock of available resources. This can lead to unsustainable growth and a rise in inequality as prices rise making the resource less affordable for those who are least well-off.
Detailed explanation-3: -Since 1990, at least 18 violent conflicts have been fueled by the exploitation of natural resources, whether high-value resources like timber, diamonds, gold, minerals and oil, or scarce ones like fertile land and water.