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lorasvet [3.4K]
3 years ago
14

How do factors of natural resources influence the economic development of societies?

History
1 answer:
xxTIMURxx [149]3 years ago
4 0
If a nation has a lot of a resource, lets say oil, then they will prosper based on oil. People need oil, so they can sell it for high price and a lot of it since they own the land it's on. They start to get more money into their area, more pay towards them and they begin to thrive. This is varied on experience though based on the economical system that nation has decided upon. There's three major economical systems: traditional, command, and free enterprise. Traditional means that if your a family of fishermen, you'll be a fisherman. Command economy is more like communism, if you're good at something then you will be trained in that specifically. Free enterprise is capitalism, the best economical system.
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Before the Crusades, life in Europe was centered on estates and feudalism, when the holy war began it shifted to prioritize trade and commerce in order to fund the war. This led to inflation of prices but overall increased the quality of life.

 

Guilds

Towns were formed as trade and commerce became a feasible form of livelihood. As the holy war went on, it became apparent that there was much to gain as people had more access to other societies. This in turn led to the forming of Guilds that standardized and regulated the trade practice

 

The Middle Class

Lending and borrowing in order to finance the trades and commerce stimulated the financial system which led to the formation of the first credit institutions. A new ‘middle class’ emerged as the result of this growth of the European economy.

 

Division of labor

Not so much as a ‘division’ but the formulation of new ones- the nobility had to sell their lands and personal belongings which benefitted lower and middle class. Peasants now experienced a higher demand for their products and the new middle class became tradesmen, financers and transportation providers.

 

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With the rise of new classes, there was a shift in the redistribution of wealth- the economic power of the Church shifted to the tradesmen and merchants. The emerging importance of trade and commerce resulted in the standardization of money, weights and the measuring system.

 

Usury

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Answer:

The correct answer is option 2, Bulgaria.

Explanation:

As the complete question is not given, the complete question with the answer choices is attached herewith.

The options are

  1. France
  2. Bulgaria
  3. Italy
  4. Switzerland
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<em>The Soviet Union and seven of its European satellites sign a treaty establishing the Warsaw Pact, a mutual defense organization that put the Soviets in command of the armed forces of the member states.</em>

<em>The Warsaw Pact, so named because the treaty was signed in Warsaw, included the Soviet Union, Albania, Poland, Romania, Hungary, East Germany, Czechoslovakia, and </em><em>Bulgaria</em><em> as members.</em>

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