💰 Impact on the Economy Natural resources play a major role in the growth of a country’s economy. Here’s how: Source of Income and Employment Many people work in industries like mining, farming, fishing, and forestry. These sectors create jobs and help reduce poverty. Industrial Growth Raw materials like iron, coal, and oil are used in industries to make products such as steel, vehicles, and energy. More industries mean more production and trade. Energy Production Resources like coal, oil, gas, and sunlight are used to produce electricity. Energy supports factories, transportation, and homes. Exports and Foreign Exchange Countries export natural resources (like crude oil, gold, or coffee) to earn money from other countries. This increases national income. Infrastructure Development Resource wealth helps governments build roads, schools, and hospitals. ⚠️