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Answer to Question #124836 in Economics of Enterprise for Raja Saif

Question #124836
Why presence of natural resource is not precondition for economic development
1
Expert's answer
2020-07-01T18:21:29-0400

Most natural resources exist in their raw form. That means that they must first be processed before they are utilized in the economy. The existence of a natural resource with no infrastructure to add value to make it usable, it is not a precondition for economic development.


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