<span>Hope can do a lot of benefits to the people but getting those hopes up and living vicariously in those illusions make them delusional. At this stage if the reality hits them it's not a present experience. Illusions make you believe false and keeps your hopes up without any chance.
Ex: A person believing that he would get employed soon based on his academics and the reality being the severe condition of recession going on.</span>
Answer:
Definition: To carry from one place to another by means of a vehicle.
Importance: It manages traffic flows, and also enables the undisturbed and steady movement from one place to another.
Explanation:
Answer:
- Gains from trade
- Consumer Satisfaction
- Greater Efficiency
- Growth Opportunities
Explanation:
According to Investopedia, specialization is a method of production where an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency.
A country can specialize on the production of a particular commodity or service that is peculiar to their part of the world giving them the opportunity to become very efficient and have more opportunities for growth. Some of the benefits of specialization in a country include;
- Economies of scale/ greater efficiency: A country that is involved in specialized production will have very efficient production because the more focus they have on one task, the more efficient they become at this task which reduces the time and money involved in producing a good.
- Gains from trade: Two countries that both have comparative advantages on different products will benefits greatly if they continue in their specialized products and trade. For example country X produces fabric at a very cheap rate and country Y produces rice at a very cheap rate. It will cost country X a greater amount to start rice production than to just trade and get rice from country Y and vice versa. So both countries benefit from specializing and trading.
- Growth Opportunities: A country can gain access to the world market which allows them to grow bigger and in turn increase their efficiency.
- Consumer Satisfaction: Specialization means that cost of production is lower which makes the cost of goods relatively cheaper.
The Teapot Dome Scandal was an American political scandal of the early 1920s. It involved the secret leasing of federal oil reserves at Elk Hills, California, and Teapot Dome, Wyoming, by Albert Bacon Fall—U.S. Pres. Warren G. Harding's secretary of the interior—to oil tycoons Edward L.
