NATURAL RESOURCE BASED SOCIAL AND ECONOMIC

DEVELOPMENT

BY RAJASHREE NAIK1st semister,M.Sc Environmental Science

CENTRAL UNIVERSITY OF RAJASTHAN

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