Natural Resources from an Economic Point-of-View

Natural resources have significant values in a country's economic growth. In general, the economic prosperity of a country depends on the optimal effort of the country to utilize its natural resources properly and convert them into multiple profits. Commonly a country benefits from the natural resources from the diversity and maximum exploitation of the resources. Natural resources provide the country with direct benefit from raw and processed materials used as trade commodities, the utilization of the resources to be the medium of economic activities, and from leasing the resources to other parties, which will collect additional income for the country such as from taxes, lease and service fees.

Even if a country gets an extraordinary supply of natural resources every year, it is important that the society has the ability to maintain the sustainability of the resources. In the appropriate maintenance, the resources can...
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