Adjective describing a region, country, or organization that possesses an abundance of valuable materials, assets, or opportunities. These resources may include natural elements such as fossil fuels, minerals, or fertile land, as well as human or technological capital. resource-rich entities often play a significant role in the economy and can have power in global markets due to their wealth of resources.
Resource-rich meaning with examples
- The country is often referred to as resource-rich, attracting foreign investments eager to exploit its vast oil reserves and fertile agricultural land, which help drive economic growth and create job opportunities for its citizens, thus significantly enhancing the standard of living in the region.
- Being resource-rich, the corporation capitalized on its extensive technological assets, leading to breakthroughs in renewable energy solutions that not only benefitted its market position but also positioned it as a leader in sustainable practices within the industry, influencing others to follow suit.
- In discussions about environmental sustainability, resource-rich nations face the unique challenge of balancing economic growth with conservation efforts, as they must manage their wealth while ensuring the long-term viability of their ecosystems, which are often jeopardized by over-extraction and pollution.
- The region's status as resource-rich made it a target for geopolitical maneuvering, with various countries vying for control over its valuable mineral resources, leading to tensions and conflicts that threaten stability and development for the local population.
- The city's abundant educational resources, characterized by its numerous universities and research institutions, makes it a resource-rich environment for innovation, attracting students and researchers from around the globe, fostering a culture of collaboration and knowledge sharing.