economicsChoose the given statement is True/FalseJapan is a rich and developed country because it has natural resources in abundance.

Choose the given statement is True/False


Japan is a rich and developed country because it has natural resources in abundance.


  1. A
    True
  2. B
    False 

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    Solution:

    The given statement is false.
    Japan is a rich and developed country, but it does not have natural resources in abundance. It faces a scarcity of natural resources. Yet, it has been successful in emerging as a rich and developed country due to its people. The government has made significant investments in health and education for its people. For example, the country was prosperous using modern technology, which educated technicians brought in. It helped them to increase their production. The people of Japan work with honesty and dedication for the economic development of their country. The investment in health and education made the government develop and prosper. Hence the correct statement would be Japan is a rich and developed country because its human resources are developed and well-skilled.
     
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