What is the main source of natural resources here in Philippines?
The Philippines’ primary source of livelihood is its fertile land. Rich, wide plains suitable for farming are found in the Cagayan Valley, Central Luzon, South western Bicol, Panay, Negros, Davao, Cotabato, Agusan and Bukidnon. The country ‘s six major crops are rice, corn, sugarcane, coconut, abaca and tobacco.
What are the natural resources found in our country?
Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well. Natural resources are used to make food, fuel and raw materials for the production of goods.
Why Philippines have rich natural resources?
Environment Education
The Philippines is rich in natural resources. It has fertile, arable lands, diverse flora and fauna, extensive coastlines, and rich mineral deposits. … Despite the rich natural resources of the Philippines, the government is restricting its exploitation.
Do Philippines have rich natural resources?
The Philippines is a country rich in natural resources, such as minerals, agricultural land and fisheries, but this wealth is threatened by fast economic growth, rapid urbanisation and climate change. Evidence-based decision making can help balance the need for economic growth with sustainable resource management.
What kind of natural resources are found in the Philippines?
The country is rich in gold, copper, chromite, silver, nickel, cobalt, and other minerals. Coal and limestone are also abundant. According to advertisements placed in The Financial Times in 1989: “The Philippines is more densely mineralised than Australia, the tonnages are larger and the terrain is largely unexplored.
What resources is the Philippines rich in?
The Philippines has a bounty of minerals, cropland, timber, and coastal and marine resources. These natural resources make up an estimated 19% of the nation’s wealth, contributing to the country’s consistent GDP growth.
What are 20 natural resources?
Natural resources are materials and substances that occur naturally and can be used for economic gain. They include minerals, forests, fertile land, and water.
…
- Salt.
- Oil. …
- Natural Gas. …
- Coal. …
- Iron. …
- Bauxite. …
- Helium. …
- Copper. Copper has been in use for thousands of years and is one of the first metals ever used by man. …
Why do we have a rich natural resources?
Natural resources, both renewable and non-renewable, and ecosystem services are a part of the real wealth of nations. They are the natural capital out of which other forms of capital are made. They contribute towards fiscal revenue, income, and poverty reduction.