Final answer:
The top five natural resources in Florida include phosphates, arable land, timber, tourism, and water. These resources contribute significantly to Florida's economy, drawing in revenue and influencing its tax strategy.
Step-by-step explanation:
Florida's economy is bolstered by a variety of natural resources that benefit the state in numerous ways. While Florida may not be rich in resources like coal or petroleum found in some other states, it has its own set of valuable resources that contribute to the state's economy and infrastructure development. Below are the top five natural resources found in Florida:
- Phosphates: Florida is home to the largest deposits of phosphate in the United States, which is key for fertilizers and agriculture.
- Arable Land: The warm climate and fertile soil in Florida allow for the growth of a variety of crops, including citrus fruits, vegetables, and sugarcane, all important to the state's economy and export.
- Timber: Extensive forests in Florida provide timber, an important resource for construction and paper products.
- Tourism: While not a 'natural' resource in the traditional sense, Florida's climate and beautiful natural settings, such as beaches and the Everglades, attract millions of tourists each year, which is a significant source of revenue for the state.
- Water: Florida's extensive coastline and internal bodies of water support fishing industries, recreational activities, and contribute to water supply for agriculture and residents.
These resources depict Florida's strategic advantages, such as its attractive climate for tourists and the agricultural products that the state can produce in large quantities. This, in turn, affects the economic prosperity and tax strategy of the state. Florida places a strong emphasis on managing and conserving these resources for sustainable economic growth and environmental health.