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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]
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
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 ...
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 ...
The culture of Norway is closely linked to the country's history and geography.The unique Norwegian farm culture, sustained to this day, has resulted not only from scarce resources and a harsh climate but also from ancient property laws.
Under the environmental security perspective, resource scarcity perpetuates conflict by inciting pressures on a society that is dealing with resource deprivation. According to Homer-Dixon, populations struggling with resource scarcity are also impacted by overpopulation and inequitable resource allocation. [10]
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 ...
Murowchick, R.E. (1991), The Ancient Bronze Metallurgy of Yunnan and its Environs: Development and Implications, Michigan: Ann Arbour; Penhallurick, R.D. (1986), Tin in Antiquity: its Mining and Trade Throughout the Ancient World with Particular Reference to Cornwall, London: The Institute of Metals, ISBN 0-904357-81-3