Extraction
Resource extraction involves any activity that withdraws resources from nature. This can range in scale from the traditional use of preindustrial societies, to global industry. Extractive industries are, along with agriculture, the basis of the primary sector of the economy. Extraction produces raw material which is then processed to add value. Examples of extractive industries are hunting and trapping, mining, oil and gas drilling, and forestry. Natural resources can add substantial's to a country's wealth, however a sudden inflow of money caused by a resource boom can create social problems including inflation harming other industries ("Dutch disease") and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".
Read more about this topic: Natural Resource
Famous quotes containing the word extraction:
“Logic is the last scientific ingredient of Philosophy; its extraction leaves behind only a confusion of non-scientific, pseudo problems.”
—Rudolf Carnap (1891–1970)