People could settle together in permanent villages that as they grow organized governments
<u>Let's match the types of goverment with their characteristics</u>
- Direct democracy - popular vote on policies. In a direct democracy, subjects who have the right to vote do not simply vote for representatives that decide on their behalf, but they get to vote for the policies implemented by the goverment, instead of leaving those decisions to politicians.
- Socialist - control of economy. A socialist state has a centrally-planified economic system in which the goverment decides the amounts of goods and services produced and sold, and the market prices for which they are sold. Markets do not function freely.
- Tribal government - organized body of native peoples. It is a group of people who get the chance to govern the tribe because they are individuals who enjoy prestige within the community, and the rules are established based on customs
- Multiparty form - "coalition" government. When none of the parties have managed to obtain the required majority to make goverment decisions on its own, it has to make an agreement with another parties in order to govern jointly.
Opportunity cost is the loss of other alternatives when one alternative is chosen. It represents the benefits an individual, investor or business misses out on when choosing one alternative over another. An example is when I choose my career path. The opportunity cost represents all the other career paths that I did not choose.
The development of the steel industry and the railroads was deeply connected. The benefits were going in both directions. The steel industry was providing the material for building the railroads. s the railroads were expanding through the country, new areas were becoming connected, some of which had the ore needed to produce steel. Through the railroad, the ore was easily transported to the manufacturing facilities, so more steel was produced. As more steel was produced, there was even more material for building the railroads, but also a cheaper material, sot he railroads developed even more. In this manner, both sides managed to contribute to their development and prosper greatly.