importance of geology?

Question

economic importance of geology

Answer 1

Perhaps you mean the importance of GEOGRAPHY. Geography is very important for the economic well-being of a country. The ability to trade with other counries is enhanced, if a country has a large coastline, has major rivers, shares a common border, or is located close to other major countries.

In contrast, if a country is landlock, has no ports, no major rivers, etc. -- it's ability to trade with other countries is severely reduced.

Answer 2

Geology is the study of the earth. Since many of the goods that individuals desire are derived from things from the earth, such as diamonds, precious metals, and other resources, geology is important to economics. Geology allows economists to understand how scarce some of these resources are. Scarcity in turn helps determine what prices will be by way of supply and demand. The more demand there is for these scarce resources, the more money will be used to fund geology in order to find how these resources form and where they are located.

Answer 3

Geology is fairly significant for yet not constrained to: structural engineers, environmental engineers. For structural engineers to layout foundations which may be ruled by way of the geology of the section that it surrounds may well be very severe. IE: the code bargains with many geology valuable factors of the earth like while designing structures on faults. So, in different words geology is fairly significant to appreciate by way of engineers.