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Why would economic scarcity often lead to increased warfare between farming communities?
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In about 5000 B.C. farming communities appeared where in ancient Egypt?
Between the Tigris and the Euphrates river
What directly increased cultural interaction between nations?
Development of trade routes.
What did the rulers of Egypt accomplish during the middle kingdom?
Pharaohs added more waterways and dam. They increased the amount of land being farmed and built canal between the Nile river and the Red sea.
How did the physical geography of ancient Greece cause it to separate into independent communities?
The land was mountainous with patches of arable land in between. Nomadic tribes would seize a patch of land to settle on, build a fortress, and a city would grow up at its centre, creating a city-state in its own patch of land, which it defended from neighbouring cities.
What does the word Mesopotamia translate to?
Between Rivers or land in between rivers
How do you fight scarcity?
To combat scarcity, it is important to implement efficient resource management strategies, promote sustainable practices, and invest in technology and innovation to increase productivity. Collaboration between governments, businesses, and communities is also key to address the underlying causes of scarcity and ensure equitable distribution of resources.
What is the relationship between literacy rate and average income per capita?
There is a positive correlation between literacy rate and average income per capita. Generally, higher literacy rates lead to increased economic opportunities and higher income levels for individuals and communities. Literacy skills enable individuals to access better job opportunities, participate in economic activities, and contribute to overall economic growth.
Which economic principle describes the imbalance between what people want and what can b produced?
The laws of supply and demand that result from scarcity.
Explain the economic problems between the city dweller and the farmers?
Scarcity is our limited resources but unlimited wants. Our resources are limited by the 4 factors of production - land, labour, capital and enterprise. The problem of scarcity is that our wants are always beyond what we can produce with our resources. porn
What is the relationship between economics and scarcity?
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Difference between scarcity and shortage?
There seems to be no difference between these words in modern times. Historically a scarcity referred to an amount that was restricted in quantity. A shortage was something that was less than the original required amount. Or less than the scarcity
The conflict between unlimited desires and limited resources in government is?
The Answer is Not In Government It Is In Scarcity. Scarcity is the limited resources amd unlimited desires
What is the relationship between scarcity value utility and wealth?
Human Wants is common between utility, scarcity and transferability. If I am right then Ok if not then Please correct it with resons.M Fahad AnsariMs.c Economics
What is the difference between scarcity and a shortage?
A shortage can be temporary or long-term, but scarcity always exists.
What are economic resources Explain link between scarcity choice and oppurtunity cost?
Economic resources are constraints on the decisions we make when we figure out how to meet our desires. Scarcity implies that we cannot have everything we want and so must trade-off some things we want less for things we desire more. Opportunity costs are the losses we experience in this trade-off. These losses occur because to get what we want, we have to give up something else in return.
Q 1 Discuss in detail the term economic resources with reference to service industry Explain the link between scarcity choice and opportunity cost?
Scarcity: the inability of economic actors to satisfy their wants and need to make trade-offs to achieve their optimal outcome. Opportunity cost: the highest-valued alternative action forgone as the result of taking an action. Link: scarcity implies all wants cannot be met. To meet our wants, we make trade-offs. Trade-offs involve opportunity costs because we must sacrifice alternatives outcomes for the rational (optimal outcome). Therefore, opportunity costs are the price we pay to trade-off in the condition of scarcity.
What is economic system and describe capitilism communism socialism?
Economic system is a system that involves the production, destribution and consumption of goods and services between the entities in a particular society. The economic system is composed of people and institutions, including their relationships to prductive resources. such as through the convention of property. it is the systemic means by which porblems of economics are addressed, such as the economic porblem of scarcity though allocation of finite productive resources.
