Economic systems are said to be complex. The true statements about the economy is that is essentially a financial and social system.
<h3>What is an economic system?</h3>
An economic system is known to be a method that is employed by society to create and distribute goods and services, based on their goals and values.
There are different kinds of economy system. They are;
- The traditional economy
- The market economy
- The command economy
- The mixed economy
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Answer: Renewable resources can be replenished over relatively short time spans such as months, years, or decades, whereas nonrenewable resources continue to be formed in Earth, but the processes that create them are so slow that significant deposits take millions of years to accumulate.
Explanation:
Renewable resources are defined as resources which are capable of restoring themselves overtime through natural process. They never get exhausted completely.For example: bio mass energy, solar energy etc.
Non-Renewable resources are defined as the resources that can be replenished overtime through natural process but takes million of years. These are the resources which are used in wise manner so that to prevent their exhaustion. For example: coal, petroleum etc.
Ethnic groups in Nepal are a product of both the colonial and state-building eras of Nepal. The groups are delineated using language, ethnic identity or the caste system in Nepal. They are categorized by common culture and endogamy. Endogamy carves out ethnic groups in
Answer:
This way of understanding cultural differences came to be known as historical particularism.
Explanation:
Franz Boas is considered the father of anthropology in the United States. He and his students developed historical particularism, which rejects the cultural evolutionary model. That means that, instead of believing all cultures follow the same evolutionary path, Boas believed each culture is specific to its own environment and context. Cultures are developed according to the historical process they undergo, which makes each one of them unique.
Another way to classify a diamond is Rhombus
