The impact of scarcity on economic decision making is that it can limit the choices of the consumer in the economy.
when products and resources become less available then there would be scarcity which will affect the decision of the consumer.
<h3>How does the scarcity of resources affect the decision making of the consumers?</h3>
Scarcity as a key concepts of economics can affect the choice of the consumer because it will limit their choices in making decision.
Therefore this will make them to make their choice out of the limited resources to meet their basic needs.
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Answer:
The Ancient River Civilization of Egypt
The Ancient River Civilization of Egypt's government would look up to a king, but they called this king a Pharaoh, The Pharaoh supposedly could talk to the gods. They had a Theocratic monarchy and whenever the Pharaoh would make laws, the laws are said to be from the gods he could communicate with. Weird, right?
Did you ever wonder what life was like in the old days? Well most people in the Ancient River of Egypt, their lives were mostly wrapped around agriculture. The main agriculture areas were along the banks of the Nile River itself, or because it usually flooded and enriched the soil and helped bring plenty of crops and harvest AND wealth to the civilization. So basically they were dependent on a certain time of year when it rains the most to gather the soil to grow more food like vegetables. Would you live like they did? It wouldn't have been easy, That's for sure.
The Egyptians' religion is what makes them so interesting and unique.They started of as a regular old civilization like the others, but soon enough they became one of the longest lasting civilizations on a riverside. Their religion helped create this by and unchanging element in their religion and culture! They just kept doing what they were doing from the beginning and maybe tweaked a few things! Awesome!
Ancient Egypt is well known for their writing. These writings were called hieroglyphics known as Medu-Netjer, meaning “sacred to the gods”. They wrote in symbols to communicate. They also made rolls called a papyrus. Mainly, the language was to record history like we see on the pyramids and tombs and stories about the gods were written on the papyrus. It's like talking with little drawings! Cool!
One of Egypt many inventions was black ink. You heard it right, BLACK INK. They were very talented in creating not only black but many other colored ink's and multi color dye. Thank the Egyptians for making your clothes colored!
Food in Egypt was delivered to temples and given out to the people based on what they needed. anything left was sold to the markets to be traded. mostly, they would sell:
sandals
fans
furniture
walking sticks
headrests\
(and you could not get anything more valuable than the items above.)
Explanation:
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The industrial revolution which is associated with the given cartoon is the Gilded Age's two most important movements were the American Federation of Labor (AFL) and the Knights of Labor.
<h3>During the Gilded Age, why did labor unions become more powerful?</h3>
Despite the fact that the first labor unions formed around the turn of the nineteenth (19th) century, the Gilded Age saw a surge in the number of unskilled and dissatisfied factory workers.
Unions failed because they lacked enough members, lawmakers refused to approve effective legislation, and the courts sided with the company owners.
The Noble and Holy Order of the Knights of Labor was founded in 1869 by Philadelphia garment cutters.
Check out the link below to learn more about the Gilded Age;
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Violence, conflict, and misunderstanding are the greatest obstacles to peace and development. To run our country smoothly there should be unity among the people and also there must be the culture of understanding within the community, and society.
