What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics? The determination of whether a resource is scarce is its supply in relation to demand such as land‚ labor capital and human capital. If there is not sufficient amount of resource to satisfy the demands‚ then resources are set to be scarce. On the other hand if supply exceeds it demand‚ then the resource is not scare not only that if the supply of a goods or service is low
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There were many political and technological changes that prompted the world explorations and discovery of the new world. The Portuguese were the main contributors to the technological changes that lead to the discovery of the new world. However‚ the change of the political structure of Spain ultimately lead to the discovery. There were many technological changes that the Portuguese contributed. First of all they observed the way the Arab vessels were designed and then improved on them to make
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Slavery in the New World The beginning of slavery in North America developed in response to the economic demands of means in the New World. The colonies in the New World needed manual laborers to develop the natural resources‚ and for this reason the use of slaves became an important part of society. European Carolinians depended on African labor even more after turning to rice as their cash crop. In fact‚ planters began to import slaves in larger numbers partly because of the West African skill
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century Europe had colonized Africa. The Europeans had many reason for why they wanted to colonize Africa. They were generally all political and economic reasons. It was easy for Europeans to colonize and take over Africa because slave trade had made the Europeans believe that Africans were inferior to them. This was in fact the justification for the Europeans to have such an imperialistic way of thinking. Between the 1870s and 1900‚ Africa faced European imperialist aggression‚ diplomatic pressures
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The efficacy of the New Deal was to increase the guarantee of economic security to the forefront of American discussions of freedom. (809). The desired result of the New Deal was to expand the meaning of freedom‚ and that occurred‚ but it did not get rid of freedom boundaries. Men still had more freedom than women‚ industrial workers more than tenant farmers‚ and white Americans more than black Americans. With the New Deal also came the development of Acts like the Emergency Banking Act‚ Fair Labor
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communication and access to information have become possible. But just how have such advancements affected the state of employment within offices? During this essay I shall discuss just a few of the major technological changes and identify their impact on office employment over the past two decades. I shall then proceed to analyse what effect these changes have had with regards to gender relations within the office workplace. Finally I shall conclude by giving my insight into future technological
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Exploration and the New World From Richard Bulliet et al.‚ The Earth and Its Peoples‚ v. 2‚ 5th edn (Wadsworth/Cengage‚ 2012)‚ p. 382 The harsh waters of the Atlantic Ocean kept the Americas isolated from the rest of the world for many years. A few sailing attempts were made were made in Atlantic but none were successful‚ except for the Vikings who first found North America in 986 and Genoese and Portuguese explorers who discovered the islands of Madeira‚ the Azores
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19th Century Colonization of Africa By the end of the 19th century Europe had colonized Africa. The only exceptions that didn’t get colonized were Liberia and Ethiopia because they were already independent themselves. The Europeans had many reason for why they wanted to colonize Africa. They were generally all political and economic reasons. It was easy for Europeans to colonize and take over Africa because slave trade had made the Europeans believe that Africans were inferior to them. This was
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colonization of Brazil In 1549‚ the Captaincy Colonies of Brazil were united into the Governorate General of Brazil‚ where they were provincial captaincies of Brazil; Luís Teixeira‚ 1574. Main article: Colonial Brazil Explorer Pedro Álvares Cabral landed on April 22‚ 1500 in what is today Porto Seguro‚ Brazil. Permanent habitation did not begin until São Vicente was founded in 1532‚ although temporary trading posts were established earlier to collect brazilwood‚ used as a dye. From 1534
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There were many misconceptions about the indigenous people of the New World‚ many of which described them as simple and savage‚ a description that couldn’t further from the truth. Going back we find that Native Americans were actually very complex in all aspects of their lives: farming‚ social structure‚ religion‚ architecture‚ and so on. The people of the New World were so advanced that they could achieve the same things their European counterparts were doing with machinery‚ but better.These inventions
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