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China has given what nation an economic boost by purchasing great amounts of natural gas?
Wiki User
∙ 14y ago
America
Wiki User
∙ 14y ago
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What nation does not have significant resources?
Liechtenstein is a nation that does not have significant natural resources. With a small area and population, Liechtenstein relies on industries like finance and tourism for economic development rather than natural resource extraction.
What are simple ways to measure the economic position of a nation in the world economy?
The economic position of a nation in the world economy depends on the individual and collective economic enterprise of its citizens, access to natural resources, efficiency of government and courts, and the ease of conducting business. The simplest metric that reflects a nation's relative economic standing is the size of its gross domestic product (GPD). According to the International Monetary Fund the three largest economies in the world ranked by size and adjusted for purchasing power parity are the European Union, China, and the United States. To assess the relative wealth of a nation's individual citizens we can look at GDP per capita which shows the United States in 10th place at $53,000 behind such countries as Singapore, Kuwait, and Switzerland.
How can the presence or absence of natural resources and arable land affect a nation’s economy, regardless of the type of economic system?
Take an Educational guess
Discuss the issue Environment impact on economic development of the country?
the environment is the immediate surrounding consisting of both the biotic and abiotic factors.The environment is where we live and dispatch our various activities,the economic growth of a nation depends on it because the natural product of the environment is what is mainly used for human survival in a nation e.g,the trees,farm produce,water animals,air etc.We have natural and artificial environment which comprises of air,water,land,trees,plants,animals and microorganism etc for natural environment while for artificial environment are cars,computers and houses etc mainly those things that are man made.A nations economic growth depend on the natural resources it has and those natural resources are part of the environment,without that the economic growth of a nation will be static.by nelson dede.
Impact of sales force in economic development of a nation?
sImpact of sales force in economic development of a nation
Meaning of economic instability?
refers to unstable economic in the nation
Why economic planning is needed for economic development?
So that the nation progresses
What resource is as important as natural resources?
Natural resources and human resources are one key to a nation's economic success. Each must be handled fairly and one method of doing this is through the resources of a democratic government and society.
How can the presence or absence of natural resources and arable land affect a nation's economy regardless of the type economic system?
Take an Educational guess
How can the presence or absence of natural resources and arable land affect a nation's economy?
That's like asking how can the presence of lungs and other vital organs affect life if their was no air being breathed by a human. The organs, like resources, are nice, but do nothing without air or an economic system to power them. Natural Resources are neither sufficient or necessary for economic development in any one particular country. Economic systems explain why resource rich Nigeria is dirt poor, while resource scarce nations like Japan are filthy rich. However, if all nations had the same economic system, then the nation with natural resources would of course be richer in real terms. The textbook explanation is that resource presence increase a nation's Long Run Supply, or Production Possibilities. However, there is no guarantee that the nation will actually put these resources to use, and fulfill their potential economic development.
Which nation significant amounts of geothermal power?
Iceland
Was a new economic philosophy that stated that a nation's economic strength depended on keeping and increasing its gold supply?
Capitalism was a new economic philosophy that stated that a nation's economic strength depended on keeping and increasing its gold supply.
