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Economic gains from natural resources are mostly beneficial when directed towards initiatives such as job creation, skill enhancement, capacity building, and pursuit of long-term developmental objectives. Thus, reliance on one or more natural resources holds financial risk when aiming for a stable economic growth. [28]
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Overexploitation often occurs rapidly as markets open, utilising previously untapped resources, or locally used species. The Carolina parakeet was hunted to extinction. Today, overexploitation and misuse of natural resources is an ever-present threat for species richness.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
National Geographic Kids Video ... Educational Video Presentations 51517 Free Games ... Antonyms Educational Video Presentations 51515
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