Question

Analyze the relationship between economic growth and use of resources.

Answer 1

The relations between economic growth and resources is the things that are being gained. The economic growth is growth of money and the gain in resources is the growth of needed resources. Similarities between the two are that they are relied upon, and because you need money to by the resources. The differences between the two is that natural resources are being drained and it may take millions of years to re-produce on the other hand the economy is growing larger and larger due to the amount of people living in one area. This is because everyone needs a job and having a place to live means that you have the money to pay for it. This is the relationship between economic growth and the use of resources.

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Answer 2

There is a close relationship between economic growth and use of resources. Resources can include both physical resources like forests, agricultural land and mineral and energy resources as well as human resources. I believe the best social system is one in which the natural and human resources are used to ensure that everyone's basic needs are provided for such as in Bolivia now. In British Columbia, Canada, the economic growth has come especially from the logging of its original rich forest resources and some processing into lumber but the shipment of raw logs cuts into local industry and send the profits elsewhere. Also, mineral exploration and mining activity has been important in BC but the economy is boom or bust especially in its capitalist mining industry with either a glut of minerals or a drastic reduction in output depending on the world market and ghost towns attest to this. This could be remedied by having production designed to suit the needs of BC and Canadian residents firstly, and foreign trade secondly.