Implicit costs are imputed costs of self-owned and self-employed resources.
Example:
- (i) Interest on entrepreneur's own capital.
- (ii) Rent on entrepreneur's own land used in business.
Following events have caused political unrest in the north tropical countries after independence:
Border dispute.
Military groups overthrowing civilian leaders.
Explanation: Border disputes are common in most north tropical countries in all the continents. The ones between Peru and Ecuador, Belize and Guatemala, Libya and Tunisia, India and Pakistan are considered to the most sensitive. Most rulers, after granting independence, left these countries in pieces which gave rise to territorial disputes.
The conflicts between the government and the military have been repeatedly seen in countries like Ecuador, Cuba, Guatemala, Honduras, Nicaragua, etc. prior to and post-independence. Popular outcries of the public against the contemporary governments have been the main reason for the military taking control of the government every now and then in north tropical countries.
Sympatric speciation is the process in which two groups of organisms living in the same habitat diverge into separate species.
The evolution of a new species from a surviving ancestral species while both remain in the same geographic region is known as sympatric speciation. In evolutionary biology and biogeography, sympatric and sympatry refer to organisms whose ranges overlap to the point where they coexist at least in some places. If these organisms are closely related (for example, sister species), this distribution could be due to sympatric speciation. Sympatry is derived from the Greek roots v ("together") and t ("togetherness") ("homeland"). Edward Bagnall Poulton coined the term in 1904.
Learn more about sympatric speciation here:
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