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- It reduces the size the of the workforce, skilled and unskilled.
- It causes serious social problems that are likely to cause economic problems in the medium and long term. For example, the early death of adult parents often means that teenagers have to bring up their younger siblings (brothers and sisters) instead of continuing their education. This in turn reduces the number of future skilled workers.
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Because so many slaves were being taken away from Africa and transported to the Americas and Europe, the African economy was declining because of it. The Atlantic Slave Trade …transported millions of Africans to the New World in order to use them for agricultural labor as well as for servant work. With so many Africans gone from their homeland, the economy dwindled. Naksan- How coul Africa have economy when they were only tribes, and clans there believe me they had gold and everything,but haw could they have known about economy...WHEN THEY DIDN'T HAVE ONE AT ALL!
The Economic Impact of AIDS in South Africa (Follow the Web link below)
aids affect the economy because not a lot of tourists want to go there and if the majority of the citizens have aids then they wont go out and by things
The South African economy, like any other in the world spends enormous amounts of money training its work force. When a skilled worker dies all that time and money that went i…nto training him is lost as well. The loss due to aids of bread winners places a burden on the society aswell as the state to provide for the orphans. The medical cost of poor aids patients has to be carried by the state directly and the economic active population indirectly The loss of a part of the population shrinks the domestic market for South African goods
It made the world richer because they gained business in trade and economic growth because of the money they received by selling or trading slaves.
Inflation in the South African economy affects all classes of citizens. Studies show even the middle class survives off less than $1.30 a day.
the higher unemployent is the low income for who those have no job,less income creat less spending in economy,less spending cause the low production and low profitable …at the firm,the low profrit can make firm do shut down then they craeted more unemployement agian
well the businesses wont be able to operate with an HIV/Aids person because he/she wont be working as 100%. he works almost 50/20%
It affects it very much ,because mining creates thousands of jobs and most of S.A's gold is stored in the reserve bank which means it is a vital part of S.A's economy
Exchange rates depreciation affect the south African economy because it leads to changes in inflation in the country' economy .
In US Civil War
The south's economy was based on farming, and still is today. The Confederate lands were small and the population was around 9 million. Over half of the population was slaves.… As for the Union, there were twice as many, 15 million. For the south, the small population was a bad thing. Less men could not be replaced. Women and children stayed home and took care of the farms. God bless if the slaves did seek revenge on the slave owner's wife -- All kind of things would happen. The south had plenty of food to distribute. The problem was: How? The north blocked all ways of transporting food. Many southern soldiers died and were abandoned on field. Towns would be destroyed and abandoned. Farm lands were also destroyed. They could not be farmed on any more. The south had to look for undestroyed places to farm. This led the south's economy poor. Years later, carbetbaggers and scalawags will come down from the north and try to help the south. This will lead into a time of Reconstruction, which will also help the south.
Gold affects the South African economy in a wide variety of ways. The South African economy is not doing well and is not very prosperous. The abundance of gold greatly improve…s the economy.