Why are the developed economies retreating from mining, processing and refining of minerals?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → High labour costs.
Mining, processing and refining need a large labour force, and wages in developed countries are high.
NCERT (2026-27): “Methods of Mining … The developed economies are retreating from mining, processing and refining stages of production due to high labour costs, while the developing countries with large labour force and striving for higher standard of living are becoming more important.” |