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SS1: ECONOMICS - 3RD TERM

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  1. Mining
    3 Topics
    |
    1 Quiz
  2. Financial Institutions I
    7 Topics
    |
    1 Quiz
  3. Financial Institutions II
    5 Topics
    |
    1 Quiz
  4. Financial Institutions III
    5 Topics
    |
    1 Quiz
  5. Business Organisation
    3 Topics
  6. Money
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I
    5 Topics
    |
    1 Quiz
  8. Channels of Distribution II
    6 Topics
    |
    1 Quiz
  9. Business Finance
    7 Topics
    |
    1 Quiz
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Lesson 1, Topic 2
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Economic Importance of Mining

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Topic Content:

  • Economic Importance of Mining

The economic opportunities and wealth generated by mining for many producing countries are substantial.

The economic importance of Mining includes;

1. Employment Generation: It provides jobs for many people. 

2. Revenue Generation: Taxes paid by mining companies including export and import duties on the minerals are sources of revenue for the government.

3. Foreign Exchange Earning: The export of minerals 

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