The resource curse conjointly referred to as the contradiction of masses or the financial condition contradiction, is the development of nations with an associated abundance of natural resources (such as fossil fuels and bound minerals) having a less economical process, less democracy, or worse development outcomes than countries with fewer natural resources.
The resource curse may be an incomprehensible state of affairs during which countries with abundant non-renewable natural resources expertise stagnant economic processes or maybe economic contraction.
Natural resources have a double-edge result on the economic process; in this, the intensity of their use raises output but will increase its depletion rate. Natural resources may be a key input within the production method that stimulates the economic process.
To learn more about Natural resources, visit here.
https://brainly.com/question/13954163
#SPJ4
