What are economic minerals?

Minerals which are of economic value are known as economic minerals.

• Minerals are indispensible part of our lives or for our economy.
• Everything we use, from a tiny pin to towering building or a bus or a big ship all are made from minerals.
• The country earns a lot of foreign exchange from the export of minerals like iron ore etc.
• Mining and extraction of minerals provide employment to the people.
• Minerals like coal and petroleum are also the main source of power.