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7 April, 11:05

How do natural resources and geography relate to economic growth for a

country?

Natural resources such as high per capita income, and a high number of

cities lead to restricted economic growth.

Rich natural resources and access to trade routes contribute to high interest

rates on micro financing.

A country's economic growth is unconnected to limited natural resources

and being geographically landlocked.

Limited natural resources such as infertile land and lack of coastal access

can limit economic growth for a country.

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Answers (1)
  1. 7 April, 12:41
    0
    Limited natural resources like infertile land and lack of coastal access can limit economic growth of a country.

    Explanation:

    Agriculture is an important sector that determines a country's economic stability. If a country does not have enough agricultural productivity it should depend on other countries to meet its needs. This will cause the outflow of wealth from the nation to other countries and slow down its economic growth.

    Fertile land is the necessary resource that ensures stable agricultural productivity. If a country's geographical location favours its trade relations with other nations, imports and exports become smoother. Coastal access is an important factor that boosts up a country's active participation in global trade.

    Thus infertile land and lack of coastal access can bring down the economic growth of a country.
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