How have technical and economical development leads to more utilizatio...
Technical and Economic Development and Resource Utilization
Introduction
The utilization of resources is an essential factor in the development of a country's economy. Technical and economic development has played a significant role in increasing the utilization of resources. The following are ways in which technical and economic development has led to the more utilization of resources.
Improved technology
Improved technology has increased the utilization of resources in various sectors. It has led to the efficient use of resources, reducing waste and increasing output. For instance, the use of modern agricultural equipment has increased food production, leading to the efficient utilization of land and water resources.
Innovative production processes
Innovative production processes have led to the more utilization of resources. The utilization of renewable energy sources, such as solar and wind energy, has reduced the dependence on non-renewable energy sources. This has led to a reduction in the depletion of non-renewable resources.
Increased investment
Increased investment in various sectors has led to the more utilization of resources. For instance, investment in infrastructure development has led to the efficient utilization of land and water resources. This has led to increased production and economic growth.
Increased competition
Increased competition has led to the more utilization of resources. Companies are forced to use resources efficiently to remain competitive. This has led to the development of innovative production processes and the efficient use of resources.
Conclusion
In conclusion, technical and economic development has led to the more utilization of resources. Improved technology, innovative production processes, increased investment, and increased competition have played a significant role in increasing the utilization of resources. This has led to increased production, economic growth, and sustainable development.