How are Natural Resources Allocated?

Explanation:

Natural resources are allocated according to demand and economic strength. This means that resources are distributed based on the needs of society and the ability of individuals or countries to pay for them. For example, if there is a high demand for oil from consumers who are willing to pay a high price, then oil-producing countries will allocate more resources towards oil production and export.

Allocation of natural resources is a complex process that involves balancing supply and demand, environmental considerations, and economic factors. By allocating resources according to demand and economic strength, countries can ensure that resources are used efficiently and effectively to meet the needs of their populations.

It is important to note that allocation of natural resources should be done responsibly to ensure sustainability and environmental conservation. By making informed decisions based on demand and economic factors, countries can work towards a more sustainable future.