We can see from this that it is crucial to avoid making the same errors that South Africa did by exhausting its gold reserves as a consequence of the gold rush that caused the depletion of gold.
This is further explained below.
<h3>What is scarcity?</h3>
Generally, The underlying reality that there are only finite quantities of both human and nonhuman resources that can be used by the finest technological knowledge to generate only finite maximum amounts of any economic good is what is meant by scarcity as an economic term.
In conclusion, South Africa is the world's biggest producer of gold, chromium, and platinum, illustrating scarcity and the decisions any community must make about exploiting resources.
They require restrictions to prevent overusing their natural resources.
The inquiry asks how other nations may learn from South Africa's gold depletion in the 1900s. We can see that it's crucial not to make the same errors South Africa did by emptying their gold stockpiles during the gold rush.
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They: benefited from the gold and salt trade, were influenced strongly by trade. (dense vegetation, not desert, prevented the Islamic conquest of sub-Saharan africa)
<span>Well National organizations such as the "Neighborhood Reinvestmen"t Corporation (founded in 1978 and now known as Neighbor Works America), the Local Initiatives Support Corporation lisc founded in 1980, and the Enterprise Foundation (founded in 1981) have built extensive networks of affiliated local nonprofit organizations to which they help provide financing for countless physical and social development programs in urban and rural communities,Hope i helped.</span>
