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 give people a living space for the community, high-quality environment and at the same time fulfills the need of the country citizens for generations in unlimited time span.
The UK government has brought the issue to surface and seriously implement the sustainable development concept in the decision-making process. Economic calculation of the commercial value of a kind of natural resources material is not the only factor to determine how people should make the most of the material and gain profit from it. The resources have exclusive values that interrelate with other factors such as economic, political and ethical value. During the process of development, such values often collide with each other, causing inconsistency in the system and endangering the nature...
Natural Resourcs War is one of the primordial human traditions. Man has always been enthusiastic about fighting, murdering and stealing from others. However, it doesn't derive us to the conclusion that interpersonal associations are dependent on war as a requisite or obligatory institution (Mises 10+). Many believe that war is a natural necessity and man can only attain full human importance if he behaves aggressively and antagonistically (Mead 415). If the militarist
In the GEOMAR methodology, carbon dioxide displaces methane within the water lattice which reforms into a more stable state than was present with the methane. While this new technology is still in development, it is very promising (Traufetter, 2007). Recent advances by researchers from Japan, China, India, Canada, Australia, and the United States could result in commercial exploitation of Methane gas within the decade. Natural gas recovery techniques have come
Economics Evaluate explanations offered Economics of MNEs, China and Exchange Rates Evaluate the various explanations that have been offered for the existence of the multinational enterprise. China is a notoriously difficult place to do business. Explain what makes the business environment so challenging and explain the strategies a firm may use in order to overcome those challenges. Explain how exchange rates are determined in a floating exchange rate system and identify the key causes of
Economics - Country Analysis Country Overview and Current Events (News) Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on
One can therefore expect that Israel will benefit from an increase in knowledge-based industry that will continue to power employment and GDP growth. Investment Investment is a triple indicator: relative attractiveness of the country, the type of investment being attracted, and political stability or instability. In comparison to the U.S., all countries save Saudi Arabia are attracting more investment. One would expect that the U.S., as a relatively mature first-world economy,
First, by linking public education funding to standardized test scores, the schools become accountable to the federal government for the funds they receive. Second, by providing parents with detailed reports about the performance of their childrens' schools, the NCLB increases accountability on a local level. In addition, proponents of the NCLB believe that the 100% compliance requirement goal of 2014 requires school districts to provide better educational services to
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