Post
Topic
Board Economics
Re: Resource based economy?
by
fokinlipat
on 09/04/2018, 02:55:45 UTC
Countries that have a lot of mineral resources, then that country will develop very well. Mining mineral resources to enrich the country.Many countries in the world exhausted mineral resources must be imported from other countries, so when the product generated from the resources sold at very high prices.

Actually, there is no need for all countries to develop based on this aspect only. There are other countries which have focused on some other aspect, developed it and are then making good money from it only. No doubt occurrence of precious resources like oil can be exception here. Actually, people have become so much independent on oil that such a country can literally rule the world if they play their cards right. Like some countries are saving it for future.