WORLD HISTORY

HISTORY

THE MUSLIM WORLD AND AFRICA

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
From what we have learned, a country having massive valuable natural resources such as gold in the past or oil today is good in the short term, but can actually be a negative for the country in the long run.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Although there may be multiple reasons to explain why a resource curse happens, the phenomenon mainly occurs when a country begins to focus all of its production means on a single industry, such as mining or oil production, and neglects investment in other major sectors.

Detailed explanation-2: -Natural resources are used to make food, fuel and raw materials for the production of goods. All of the food that people eat comes from plants or animals. Natural resources such as coal, natural gas and oil provide heat, light and power.

Detailed explanation-3: -Forest Resources In India, forests have been the most important natural resources. Right from providing timber, wood for fuel, and fodder to a wide range of non-wood products, forests play a critical role in environmental and economic sustainability.

There is 1 question to complete.