resource abundance

Resource abundance refers to the plentiful availability of natural resources, such as minerals, fossil fuels, water, and arable land, which can support economic growth and development. Countries rich in these resources can harness them to fuel industries, create jobs, and improve living standards. However, abundance can also lead to challenges, such as environmental degradation, economic dependency, and conflicts over resource management. Effectively managing abundant resources is crucial to ensure that their benefits are maximized while minimizing negative impacts on society and the environment.