Question

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

Question 17 options:

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.


Natural resources such as high per capita income, and a high number of cities lead to restricted economic growth.


Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Answer 1

Limited natural resources like infertile land and lack of coastal access can limit economic growth of a country.

Step-by-step 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.

Answer 2

Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.

Step-by-step explanation:

Natural resources are a source of wealth for the country. Mineral such oil and precious stones have made nations wealthy.

Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security. Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.