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Published byElvin Hopkins Modified over 9 years ago
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Distribution of Resources SOL WG.9b
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Resource Distribution Countries do not have the same types and amounts of resources. Here are some examples: A. Japan - A highly industrialized country despite its lack of natural resources. B. Russia - Many natural resources that are difficult to extract due to weather, distance, and lack of infrastructure.
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Resource Distribution C. United States - Abundant natural resources, diversified economy, and specialized industries. D. Cote d’ Ivoire - Limited natural resources. Country must exchange cash crops for manufactured goods. E. Switzerland - Limited natural resources but the country has a global service industry.
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Russia
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Cote d’Ivoire Cote d’Ivoire is the worlds largest producer of cocoa beans and a significant producer of coffee and palm oil. However, around 68% of the population works in agriculture. In comparison, about.6% of the labor force in the United States works in agriculture.
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Switzerland Labor force by occupation in Switzerland: agriculture 4.6%, industry 26.3%, services 69.1% Switzerland has large banking and tourism industries
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Effects of Unequal Distribution Since countries do not have all of the resources they need they usually specialize in goods and services that the country can market for a profit. Countries engage in exchange of goods and services. (sell what you can and buy what you can’t produce)
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Comparative Advantage Comparative advantage is when a country exports goods and services that they can produce at a lower relative cost than other countries.
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Why do Countries Trade? To import goods and services that you need To export goods and services that you can market for a profit
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