The paradox of plenty means having abundant natural resources but still facing poverty, conflict or slow progress. Instead of prosperity, resource wealth often brings problems when not managed wisely or fairly.
Class 8 NCERT Social Science India and the World: Land and the People Chapter 1 Natural Resources and Their Use
Class 8 Social Science Exploring Society: India and Beyond Part 1 Solution
The paradox of plenty refers to situations where nations rich in natural resources face economic problems instead of growth. Despite wealth, issues like corruption, mismanagement and social unrest occur. For example, oil-rich countries may neglect education or health sectors. Without fair policies and inclusive governance, resources become a curse. Hence, abundance doesn’t guarantee success; it’s how the resources are used that truly matters.
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