Probably if the cat tried hard enough
According to the risk aversion principle, you should take the action that produces the least harm.
It is a phycological concept applied in economics, specially within the field of finance. When facing situations that involve uncertainty, risk aversion consists on choosing the alternative that diminishes it as much as possible. It is a common behaviour when selecting investment opportunities. For example, a risk averse saver will prefer to keep his money in a bank account (low risk low profit), rather than purchasing shares and betting in the stock markets (high risk high profit).
Answer: This is false statement.
Explanation:
Different ways are used to differentiate how wealthy the country is as compared to other countries .
The most common method used to determine this is by looking at the purchasing gross domestic product of the country. Purchasing GDP refers to the price value of all the goods and services received per year.
Based on the world population review using this method the top richest countries in Africa are as follows.
Egypt
Nigeria
South Africa
Algeria
Morocco.
Another method used is to look at the nominal GDP per capita.
This methods works with the overall value of the goods and services over the population; this gives an idea of how much each person in a country makes.
Based on this method Seychelles takes number one and followed by Equatorial Guinea as number two.
And the following countries .
Mauritius
Gabon
Botswana
South Africa
Namibia
Libya
From the list above one can see that Lesotho doesn't come any closer and based on the world population review it only has 3.869 GDP which put it below approximately 20 African countries.
Economy of Lesotho overview:
Lesotho is highly dependent on South Africa for most of their economic services. They agricultural production is also poor due to its vulnerability to harsh weather conditions that changes drastically every now and then.
All the goods that Lesotho uses has them imported from South Africa and almost 85% of their goods are from South Africa. Citizens of Lesotho are also dependent on the mines in South Africa in order to provide for their families so it is still struggling economically to make ends meet on its own as a country .
