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Natural resources consist of fertile land, abundant forests, sufficient mineral resources and abundant water supply. Financial resources are made up of the capital needed for the economic activities. Human resources comprise the population, its growth rate, skills, and working ability of the labour force...
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According to contemporary economists, a country leading in natural resources has more opportunities to develop than a country lacking in such resources. But only abundant availability of natural resources does not translate into economic development of a country; these resources need to be utilized at their optimum...
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