Table of Contents
What is West Asia known for?
Turkey has the largest economy in the region, followed by Saudi Arabia and Iran. Petroleum is the major industry in the regional economy, as more than half of the world’s oil reserves and around 40 percent of the world’s natural gas reserves are located in the region.
How do the transport resources of Asia help in its economic development?
How do the transport resources of Asia help in its economic development? In Asia China, Japan, India, Singapore, Pakistan, Bangladesh etc. are those countries where the roads have been developed on a large scale. It has helped in the development of trade and industry and the economy of these countries.
What is emerging and developing countries in Asia?
According to the source, emerging and developing countries in Asia include: Bangladesh, Bhutan, Brunei Darussalam, Cambodia, China, Fiji, India, Indonesia, Kiribati, Lao P.D.R., Malaysia, Maldives, Marshall Islands, Micronesia, Mongolia, Myanmar, Nepal, Palau, Papua New Guinea, Philippines, Samoa, Solomon Islands, Sri …
What is the country of West Asia?
The West Asia region comprises 12 member countries: Bahrain, Iraq, Jordan, Kuwait, Lebanon, Oman, State of Palestine, Qatar, Saudi Arabia, Syrian Arab Republic, United Arab Emirates and Yemen.
Is standard of living higher in developed or developing countries?
Standards of living are usually higher in developed countries such as the United States, than in less developed nations. In fact, basic measures of the standard of living (such as per capita GDP) are often used to define the differences between more and less developed countries.
What are the three core areas of wealthy industrialized countries?
There are three core areas of wealthy industrialized countries, all of which are found in the Northern Hemisphere: North America, Western Europe, and eastern Asia. The main market centers of these regions are New York City, London, and Tokyo.
What is the best way to study economic development of countries?
Determine how countries gain national income and which activities are renewable or have value-added profits. Understand the vital roles that labor and resources play in the economic situation for each country.
What is the difference between subsistence farming and city living?
Compare the lifestyle of a subsistence farmer with that of a wealthy city-dweller in a developed country. More land is required to grow the city dweller’s food, more materials are used to build the city dweller’s home and workplace, more energy is required for transport, heating and cooling.