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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The Southern politicians started to think and talk about secession because of multiple reasons, from economic to social ones. The Southern politicians did not had lot of things in common with the Northern politicians, nor did their respective states.
The Southern states were economically stronger. They had a very large agricultural production and large market to sell it, while the North was reliant on other means. The Southern politicians wanted to keep the things as they are socially, while the Northern ones wanted lot of changes. The slavery was also a major issue, as the South was seeing the slaves as a must for their economic prosperity, while the North wanted to abolish the slavery.
In general, the South and the North were like a cat and dog, pretty much disagreeing in everything, having different attitudes and approaches to pretty much everything. This led the Southern politicians to talk seriously about a secession as they were not seeing a future together with the North as they were radically differing from one another.
Answer:
Alternatively, a command economy is organized by a centralized government that owns most, if not all, businesses and whose officials direct all the factors of production. China, North Korea, and the former Soviet Union are all examples of command economies. In reality, all economies blend some combination of market and command economies.
Answer:
One difference is that the treaty had a much more diplomatic conclusion in mind than the joint resolution. The treaty was an agreement that the US would go and negotiate borders with Mexico so they could gain the territory that would soon become Texas. However, the joint resolution was actually a declaration of war on Mexico with the goal of obtaining Texas, which was vastly different than the "talk it out" idea in 1843 (the votes in favor of this in congress was also greatly influenced by a recent event during April of the same year where Mexican soldiers crossed the Rio Grande and killed 11 soldiers, but i digress)
Another difference is that the treaty was opposed by Congress since it would give the slave states a political advantage and they didnt want to change the balance of free and slave states. The joint resolution wasnt opposed because the US was angry at Mexico for killing their soldiers so yeah
Hope this helps :)