Essay Natural Resources Nepal

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A wide range of industrial material and biological material from plant and animal, directly or indirectly are used in production and in the manufacturing of medicine.3.

Resource are known as capital converted to commodity inputs to infrastructural capital processes.4.

Nepal imports essential commodities, such as fuel, construction materials, fertilizers, metals, and most consumer goods, and exports such products as rice, jute, timber, and textiles.

The political and administrative system of Nepal has not made those changes in trade, investment, and related economic policies that would expedite economic development and attract foreign capital.

There are known deposits of coal (lignite), iron ore, magnesite, copper, cobalt, pyrite (used for making sulfuric acid), limestone, and mica.

Nepal’s great river systems provide immense potential for hydroelectric development.Resources are important for the development of any country.For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources.6.Irrational consumption and over utilisation of natural resources has led to socio-economic and environmental problems.7.Natural resources are available in fixed quantity and they are non – renewable, 8.There are, however, major dislocations in supply and demand.Periods of shortage between harvests of various crops occur in the mountain areas.Landlocked, lacking substantial resources for economic development, and hampered by an inadequate transportation network, Nepal is one of the least developed nations in the world.The economy is heavily dependent on imports of basic materials and on foreign markets for its forest and agricultural products.Cattle, buffalo, goats, and sheep are the principal livestock raised.On the whole, Nepal has a small surplus in food grains.

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