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A household is made up of a man and his property. Next, agriculture is the most natural form of good use for this property. The man should then find a wife. Children should come next because they will be able to take care of the household as the man grows old. These are called the subject matter of economics.
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]
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 ...
Persian Empire. Ancient emperors were in the subjects game — more people, more profit — and few players played it better than the Persians. According to Guinness World Records, the Persian ...
List of countries by bauxite production: Bismuth [8] China Vietnam: List of countries by bismuth production: Copper [9] Chile Peru: List of countries by copper production: Chromium [10] South Africa Turkey: List of countries by chromium production: Gold [11] China Australia: List of countries by gold production: Iron ore [12] Australia China
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.
Natural resources can be a substantial part of a country's wealth; [7] however, a sudden inflow of money caused by a resource extraction boom can create social problems including inflation harming other industries ("Dutch disease") and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".
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.