resources-based economy

A resources-based economy centers on the management and utilization of natural resources—like water, minerals, and land—to support economic activity. It emphasizes sustainable extraction and use of these finite assets to generate wealth and meet societal needs. This approach often involves balancing economic growth with environmental preservation, ensuring resources are available for future generations. In essence, it views natural resources as fundamental drivers of economic development, fostering strategies that optimize their use responsibly while integrating them into broader economic and environmental planning.