Search results
Results From The WOW.Com Content Network
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 word Asia originated from the Ancient Greek word Ἀσία, [9] first attributed to Herodotus (about 440 BCE) in reference to Anatolia or to the Persian Empire, in contrast to Greece and Egypt. It originally was just a name for the east bank of the Aegean Sea, an area known to the Hittites as Assuwa.
Scarcity involves making a sacrifice—giving something up, or making a trade-off—in order to obtain more of the scarce resource that is wanted. [ 19 ] The condition of scarcity in the real world necessitates competition for scarce resources, and competition occurs "when people strive to meet the criteria that are being used to determine who ...
That ethnic name probably directly relates to a word ἰταλός (italós, "bull"), quoted in an ancient Greek gloss by Hesychius (from his collection of 51,000 unusual, obscure and foreign words). This "Greek" word is assumed to be a cognate of Latin vitulus ("calf"), although the different length of the i is a problem.
The United Nations Development Programme says economic water scarcity is the most common cause of water scarcity. This is because most countries or regions have enough water to meet household, industrial, agricultural, and environmental needs. But they lack the means to provide it in an accessible manner. [23]
Book I is broken down into six chapters that begin to define economics. The text starts by describing that economics and politics differ in two major ways, one, in the subjects with which they deal and two, the number of rulers involved. Like an owner of a house, there is only one ruling in an economy, while politics involves many rulers.
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 ...
Hesiod active 750 to 650 BC, a Boeotian who wrote the earliest known work concerning the basic origins of economic thought, contemporary with Homer. [3] Of the 828 verses in his poem Works and Days, the first 383 centered on the fundamental economic problem of scarce resources for the pursuit of numerous and abundant human ends and desires.