Uses Of Resources: The Use Of Natural Resources

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Running head: The Use of Natural Resources1The Use of Natural ResourcesJuan OregelGlendale Community College

The Use of Natural Resources2The Use of Natural ResourcesGold is one of the most valuable precious metals on the planet. It is found in natural occurring minerals that are known as ore. Ore is a hard rock that can contains such precious metals as gold, silver and copper just to name a few. Believe it or not, but gold is a natural resource. Natural resources occur naturally overtime without the aid of an outside source. Natural resources are a very valuable resource that many countries rely on heavily. The United States is on of the countries that relies on there

“By the 1930’s, the United States had a mature industrial economy that needed extensive natural resources in order to foster economic growth” (Theilmann, 2011). This economic growth is also related to the increase in agriculture. Farmers brought an increase in the production of food and market crops.The use of natural resources can help boost the economy, as it has in the past. “...Economists from across the globe have acknowledged the vital role that is played in the economic development by, what they term as the natural capital, or what we, in simple terms, may refer to as natural resources” (Pradhan, 2016). Using natural resources has helped the United State in the past, and is still doing so to this day. Coal is one of the resources that the United States has in abundance, “This abundant source of energy helped fuel U.S. growth during the Industrial Revolution” (Amadeo, 2017). Currently, mining still provides a large portion of the U.S. goods used for exporting. This brings an increase in the U.S. GPD, which will reflect economic growth. If mining or production of renewable energy decreases, this will greatly impact the economy, as it has done in the past. Production of natural resources through mining helps maintain jobs, create jobs, and creates goods for

4). What this is trying to state, is that mining has no benefits and rides on the success of the economy. Although this is very understandable for people to feel this way, especially when looking into the downside of mining or the environmental impact alone could bring many to believe mining has no positives. These are things that many will agree on.Now if this were so, then mining would have never had the major success that it did when it first began. For some countries, mining has become the main source of their income and is the most successful market for trade. The extraction of natural resources from mining creates products or goods that can be sold in domestic and international markets. Many of these goods are exported around the world or for consumption by other nations. This creates GDP, and brings in money for the country. This then becomes a large factor in a countries economy, because it has now become a good for trade or for selling. Another thing to note, the economy can be heavily affected by the success of mined minerals used for trade. If another country stops buying the product, then the value of this good drops, creating a change on the market. Nonetheless, mining also creates hundreds of thousands of jobs in the U.S. alone. The U.S. has many mining operations