NATURAL RESOURCE BASED SOCIAL AND ECONOMIC DEVELOPMENT BY RAJASHREE NAIK
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NATURAL RESOURCE BASED SOCIAL AND ECONOMIC
DEVELOPMENT
BY RAJASHREE NAIK
SOCIETY
Group of people living together in a more or less organised manner
Basic needs-food, clothing,shelter,education,health
Different people have different wishes and desires
Engaged in Professions,Employment,or Bussiness to attain desires
Called as ECONOMIC ACTIVITIES
ECONOMIC ACTIVITIES Actions that involve the
Production,Distribution,Exchange,Consumption of goods and services at all levels within a society
These are the efforts to earn Money,Wealth for lives to secure maximum satisfaction with limited and scares means
The primary aim is the production of goods and services with a view to make them available to consumers
TILLING
FISHING FORESTRYMINING
QUARRING
Also called MANUFACTORING INDUSTRIESInvolves processing raw materials from primary industries to add valueProducts have high economic value than primary products
TERTIARY ACTIVITIES
Involves the provision of services to companies or final consumers
Includes financial services health,education,and tourism sectors
Contributes more to the economy
People are main resources
Output has high economic value
IMPORTANCE
Economic growth is important because it is necessary for higher incomes and high living standards
High living standards means developed society
Economic growth is directly proportional to social development
PRIMARY ACTIVITY
SECONDARY ACTIVITIES
TERTIARY ACTIVITY
DEVELOPING COUNTRIES
DEVELOPED COUNTRIES
NATURAL RESOURCES MORE AVAILABILITY OF RESOURCE AREA
MORE DEVELOPMENT BUT NOW THE SCENARIO HAS CHANGED MORE SUSTAINABLE USE OF RESOURCE—
MORE DEVELOPMENT
EXAMPLE
In the past 30yrs the world's STAR PERFORMERS have been the poor newly industrialising economiesof EAST ASIA----KOREA,JAPAN,SINGAPORE
While many resource rich economies such as oil rich countries of MEXICO,NIGERIA,VENEZUALA have lagged behind
LESSON
This is a NEGATIVE ASSOCIATION between resource abundance and growth .
This is due to the lack of proper economic policy and sustainable development
CONCLUSION
Social and economic development in a balanced way is possible by
(1)Investment in capital goods
(2)Natural resource availability
(3)Investment in human capital
(4)entreprunership
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