Answer:
The demand for resources is increasing at an alarming rate due to population growth and development in technology, this causes a pressing demand on the limited natural resources. Increased wealth in all countries has helped in technological development. Ultimately, this has created a demand for more and more resources. Technological advances in developed countries have also enabled people to discover new uses of natural resources e.g., petroleum is now also used as a raw material for various industries like, paint, varnish, plastics, synthetic fibre, etc.
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