What is the relationship between resources and the economy?

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Please read the attached transcript of the video and write a 500 to 750 word paper and analyze the following:

1. What is the relationship between resources and the economy?
2. If a country has resources, does that automatically mean that the country will be wealthy?
3. What are some possible solutions for the problems faced in the video?
4. What are you opinions about the ideas and problems expressed in the video?

Video: Global Resources: Management and Competition

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