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Population shift (economic growth )is a reaction to urbanization and industrialization that idealizes rural landscapes and agricultural spaces. <u>Second agricultural revolutio</u>n is an example from the united states.
<h3>What was the impact of industrialization on urbanization?</h3>
Industrialization is know to be the act that takes an economy that is based on agriculture and then alter it into an economy that is based on manufacturing.
Note that The process is one that was said to have led to urbanization by bringing about economic growth as well as job opportunities that tends to draw people to cities (Population shift).
Therefore, Population shift (economic growth )is a reaction to urbanization and industrialization that idealizes rural landscapes and agricultural spaces<u>. Second agricultural revolutio</u>n is an example from the united states.
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Lets say you own a small home and you are earning $8,000 a month, that is enough money to pay your bills and buy groceries. At the end of the month lets say you only have $100 to spend on whatever you want. So now in your job you get promoted, so now you are making $30,000 in one month. You save $10,000 every month you pay your bills and you buy groceries and now you have $5,000 dollars to spend on whatever you want. At the end of 20 months you $200,000 you use that money to buy a bigger house with a nice car. So in conclusion the more money you get the more you can invest and investing in the right things will produce more and what you will be producing is called economic growth.
Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
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Answer:
The society in which we live determines everything from the food we eat to the choices we make. The word society comes from the latin root socius, meaning “companion” or “being with others.” A society consists of people who share a territory, who interact with each other, and who share a culture.
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