03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
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- Trade Titan
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
(KN)
Natural resources like fish are limited, and if too many are used , they can run out.
(APP)
If fish stock fall , fishermen will catch fewer fish ,and fish processing businesses may have less supply.
(AN)
This can reduce incomes , cause job losses and increases prices of fish for consumers. The economy may also earn less money from exports if fish is sold abroad.
Natural resources like fish are limited, and if too many are used , they can run out.
(APP)
If fish stock fall , fishermen will catch fewer fish ,and fish processing businesses may have less supply.
(AN)
This can reduce incomes , cause job losses and increases prices of fish for consumers. The economy may also earn less money from exports if fish is sold abroad.
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
[kn] The depletion of a natural resource could affect the production of products made out of them.
[app] For Example, Fish, a natural stock, fit runs out we wont get finished products lke sushi, fish sticks, etc.
[an+]This can impact the cconomy as fish gets exported, so decreased profit, affected economy and lower the standard of living
[app] For Example, Fish, a natural stock, fit runs out we wont get finished products lke sushi, fish sticks, etc.
[an+]This can impact the cconomy as fish gets exported, so decreased profit, affected economy and lower the standard of living
Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
[KN] Depletion in fish stocks might lead to failure in alot of businesses.
[APP]For example a business selling canned fish will face difficulty in getting raw material as there is a shortage of fish.
[AN]This decrease in enterprise leads to an increase in unemployment leading to decrease in total output resulting in less GDP and economic recession.
[APP]For example a business selling canned fish will face difficulty in getting raw material as there is a shortage of fish.
[AN]This decrease in enterprise leads to an increase in unemployment leading to decrease in total output resulting in less GDP and economic recession.
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- Wealth Wizard
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
[KN] Loss of jobs in the primary sector due to depletion of resources
[APP] e.g. if there is depletion of resources companies will lay of workers in order to cut costs
[AN] This means if most of the people work in primary sector they wont be earning enough leading to people not being able to fulfill their basic necessities thus leading towards an increase in poverty.
[APP] e.g. if there is depletion of resources companies will lay of workers in order to cut costs
[AN] This means if most of the people work in primary sector they wont be earning enough leading to people not being able to fulfill their basic necessities thus leading towards an increase in poverty.
Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
Depletion of a natural resource can harm the economy by reducing jobs and income. For example, if fish stocks run out, fishing companies may shut down. This creates unemployment in coastal towns, and the government may need to spend more on support, increasing economic pressure.
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
The exhaustion of natural resources curbs the output since raw materials cannot be produced. (KN)
For instance, if Pakistan's fishing reserve falls, it will not be in a position to export fish. (APP)
This would lead to unemployment for the fishing folk, reduced export earnings, and reduced GDP, together with worsening the trade deficit if importation is required. (AN)
For instance, if Pakistan's fishing reserve falls, it will not be in a position to export fish. (APP)
This would lead to unemployment for the fishing folk, reduced export earnings, and reduced GDP, together with worsening the trade deficit if importation is required. (AN)
Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
KN:Depletion of natural resources like fish stocks can reduce the supply for fishing companies forcing some to shut down.
APP:For examplE if fish stocks are depleted fishing companies may be forced to close.This could lead to unemployment in coastal towns where people rely on fishing.as incomes fall local spending decreases and businesses may also suffer.
AN:Therefore the government mayface higher welfare costs and lower tax revenue harming the overall economy.
APP:For examplE if fish stocks are depleted fishing companies may be forced to close.This could lead to unemployment in coastal towns where people rely on fishing.as incomes fall local spending decreases and businesses may also suffer.
AN:Therefore the government mayface higher welfare costs and lower tax revenue harming the overall economy.
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
KN: This could lead to less exports and less trade
APP: A country eg Japan could be exporting fish and its products like skin, eggs or oil to other countries around the world and have trade deals with them.
AN: Hence less fish stocks means first they wont be able to export as many as they have less stock hence meaning less revenue. Also, this could cause the country to not be able to fulfill trade deals eg if they promised 100 fish and their stock is only 50, which can cause loss in the existing trade deal hence can cost the country and ruin economy, aswell as future bad relations between the countries can affect future trading eg the other country increasing tarriffs on that country, hence causing a loss to economy as future trade also drops.
APP: A country eg Japan could be exporting fish and its products like skin, eggs or oil to other countries around the world and have trade deals with them.
AN: Hence less fish stocks means first they wont be able to export as many as they have less stock hence meaning less revenue. Also, this could cause the country to not be able to fulfill trade deals eg if they promised 100 fish and their stock is only 50, which can cause loss in the existing trade deal hence can cost the country and ruin economy, aswell as future bad relations between the countries can affect future trading eg the other country increasing tarriffs on that country, hence causing a loss to economy as future trade also drops.
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
[KN]Depletion of natural resources causes loss of jobs in the primary sector
[APP]For example, fishing companies close down due to a lack of fish this causes many workers to lose their jobs.
[AN]This will mean a lot of the population won't be earning an income, leading to people not being able to afford basic necessities, making living conditions worse, as well as forcing the government of the country to pay for unemployment benefits, which lead to less tax revenue being available for the infrastructural development of the country due to mass unemployment.
[APP]For example, fishing companies close down due to a lack of fish this causes many workers to lose their jobs.
[AN]This will mean a lot of the population won't be earning an income, leading to people not being able to afford basic necessities, making living conditions worse, as well as forcing the government of the country to pay for unemployment benefits, which lead to less tax revenue being available for the infrastructural development of the country due to mass unemployment.
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
KN: Depletion of a natural resource like fish stocks reduces income for fishermen and cuts exports and food supply. This leads to a reduction in employment and business.
APP for e.g... if coastal fish decline, local fish markets shrink and fish-processing plants may close.
AN This causes job losses, lower GDP in the region and can force costly conservation measures, long-term growth suffers. Government is forced to provide support.
APP for e.g... if coastal fish decline, local fish markets shrink and fish-processing plants may close.
AN This causes job losses, lower GDP in the region and can force costly conservation measures, long-term growth suffers. Government is forced to provide support.
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
[Knowledge]:Depletion of a natural resource, such as fish stocks, reduces the supply of raw materials available for businesses.[Application]:For example, the fishing industry may struggle to provide enough fish for food processing companies and exports.[Analysis]:This could lead to higher prices, loss of jobs in fishing communities, and reduced export revenue, negatively impacting overall economic growth.
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
KN: Depletion of natural resources like fish stocks means there are fewer recourses available for industries that depend on them.
APP: E.g if fish stocks fall, fishing businesses may close, and workers in coastal areas could lose their jobs.
AN: This can reduce natural income, increase unemployment, and harm exports, leading to slower economic growth and less money for the government.
APP: E.g if fish stocks fall, fishing businesses may close, and workers in coastal areas could lose their jobs.
AN: This can reduce natural income, increase unemployment, and harm exports, leading to slower economic growth and less money for the government.
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- Wealth Wizard
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
kn] impact by unemployment and businesses shut down
app] for example less fishes would close fishing companies and make local fisherman unemployed
an] this would make the economy slow down in upgrading countries unemployment level rises government burden decrease gdp decrease in country
app] for example less fishes would close fishing companies and make local fisherman unemployed
an] this would make the economy slow down in upgrading countries unemployment level rises government burden decrease gdp decrease in country
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Re: 03 Analyse how the depletion of a natural resource, such as fish stocks, could impact an economy.
[KN] Natural resources are limited, and if they are used too quickly, they can eventually be used up
[APP] when fish stocks drop, restaurants, supermarkets, and food companies that rely on fish products will face shortages and may have to import fish from other countries at higher prices.
[AN] this can lead to higher costs for businesses, job losses in the fishing industry, and more expensive fish for consumers. The country might also lose export income, which can slow down overall economic growth.
[APP] when fish stocks drop, restaurants, supermarkets, and food companies that rely on fish products will face shortages and may have to import fish from other countries at higher prices.
[AN] this can lead to higher costs for businesses, job losses in the fishing industry, and more expensive fish for consumers. The country might also lose export income, which can slow down overall economic growth.