Answer:
Both the economy and government of Nepal have been extremely volatile. There has been substantial influence thwarted by larger, more developed nations that continue to show drastic fluctuations in economic stability, self-sufficiency, and sovereignty.
Additionally, the current primary industries do not seem to be encouraging the expansion into technology like so many of the more developed nations. Globalization has been relatively nonexistent and there remains little incentive to expand and promote international trade/commerce.
Without ample infrastructural change and major technological and or industrial revolutions, the nation will likely not see the great economic growth displayed by both Saudi Arabia and the United Arab Emirates, both notably rich and heavily dependent on natural resources.
If a price control causes a surplus the market will become inefficient because:
1. The producer will manufacture the same amount of goods as he did previously but the surplus will increase its cost and the goods will not be sold in the market, it will result in the wastage of goods and resources if they are kept in one place for a long time.
2. The surplus will cause an equilibrium in the market in terms of supply and demand.
3. If the goods are not sold in the market for a long time, it will stop the circulation of money.
Meaning of Inefficiency :
It means the lack of ability to achieve a certain goal without wasting energy, resources and time.
It was another of Thomas Jefferson's most important legacies when he bought it from France. Hope this helps
This statement basically means that the government should be run by it's citizens.
Hope this helped!
Answer:
Massachusetts Bay Colony practiced Puritan where the life of the colonist dominated by the church and its beliefs. The communities in the colony united with each other and lived in harmony. Liabilities: The religious leader holds powers in Massachusetts Bay Colony with the right to judge the people and sometimes led in punish the righteous.
Pennsylvania founded by William Penn, in 1681 and became the colony to encourage others to practice religion with no restrictions and persecution. By inviting the Europeans from different places, led the colony to increase wealth. Liabilities: Heresy allowed to grow alongside virtue in Pennsylvania. Religion was a matter of personal opinion.
