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The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]
The Latin vitulus is presumably derived from the Proto-Indo-European root *wet-meaning "year" (hence, a "yearling": a "one-year-old calf"), although the change of e to i is unexplained. The "Greek" word, however, is glossed as "bull", not "calf". Speakers of ancient Oscan called Italy Víteliú, a cognate of Greek Ἰταλία and Latin Ītalia.
To get the water, they have to travel and make agreements with countries that have water resources. In some countries, political groups hold necessary resources hostage for concessions or money. [21] Supply-induced and structural scarcity demands for resources cause the most conflict for a country. [21]
Most important source of revenue: land, then scarce resources, then merchandise; Political economy—Most varied and easiest “The economy of the city” Truly the economy of the city; Economy at a smaller level; Sources of revenue involve merchandise, scarce resources, and taxes; Personal economy— Least important, quite varied
The work opens with an explanation of scarcity, noting its relation to price; high prices denote relative scarcity and low prices indicate abundance.Simon usually measures prices in wage-adjusted terms, since this is a measure of how much labor is required to purchase a fixed amount of a particular resource.
Ancient Egypt was one of the world's first civilizations, with its beginnings in the fertile Nile valley around 3150 BC. Ancient Egypt reached the zenith of its power during the New Kingdom (1570–1070 BC) under great pharaohs. Ancient Egypt was a great power to be contended with by both the ancient Near East, the Mediterranean and sub-Saharan ...
Thomas Robert Malthus, after whom Malthusianism is named. Malthusianism is a theory that population growth is potentially exponential, according to the Malthusian growth model, while the growth of the food supply or other resources is linear, which eventually reduces living standards to the point of triggering a population decline.
This is a list of English words inherited and derived directly from the Old English stage of the language. This list also includes neologisms formed from Old English roots and/or particles in later forms of English, and words borrowed into other languages (e.g. French, Anglo-French, etc.) then borrowed back into English (e.g. bateau, chiffon, gourmet, nordic, etc.).