A theory proposed by Harold Hotelling states that owners of nonrenewable resources will only produce that resource if it wills the yield will have more value than other financial instruments available in the market, such as interest bearing securities and bonds. This assumes such owners are only motivated by profit and that markets are efficient. The theory is used by economists to predict the price of nonrenewable resources like oil, based on prevailing interest rates.
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Well first off the founders, any amending documentation, and input by the civilian population. From there they can grow, fall, adapt, or die. In seemingly infinite ways the gov. or population can be changed.
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Answer:
Direct democracy or pure democracy is a form of democracy in which people decide on policy initiatives directly. The earliest known direct democracy is said to be the Athenian democracy in the 5th century BC, although it was not an inclusive democracy: it excluded women, foreigners, and slaves.
