There is a huge correlation between economic growth and the natural resources that a country possesses. Simply put, without natural resources such as oil and coal, most of the industries in the world will shut down and the production will be stopped.
This will impact other areas such as business and trade greatly, hence resulting in an economic decline. On the other hand, presence of natural resources in abundance can be linked with economic growth in the sense that it would increase trade. Hence, the greater the natural resources that which a country possess, the better the economic growth can be.
Answer Anonymously
Copy Link
