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How is economics like a game?
Cause i do not know
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Economics like science in every single aspect as it uses computations and statistics in providing solutions to the economy. This is actually one of the branches of science….
Answer The people in Massachusetts grew crops and created a town surrounding an open field called a common.
they traded goods for other things
the southern colonies ecconomy was mainly based on production by the slaves. slaves worked on the fields of plantations to keep the flow of money moving...
Colonial Rhode Island's economy was based on farming, forestry and fishing but it developed a major shipbuilding center and was an early leader in the textile industry.
From its creation in 1847, Liberia has suffered through many economic hardships, the worst being the major economic collapse which occurred shortly after the countryâs cr…eation. The collapse of their economy was caused three major factors. Tensions between Americo-Liberians and traditional Liberian tribes disrupted the countryâs economy, forcing Liberia to open its doors to foreign trade, and eventually allowing Liberia to suffer through many years of abuse by foreign corporations. \n. \nWhen Liberia was created in 1847, it was founded by Americo-Liberians, African Americans that had been enslaved and were sent to Liberia after they were freed. Americo-Liberians found cooperation with Liberians in major cities, but many native tribes fiercely opposed their rule. By the mid to late nineteenth century, these tensions between the native tribes and the ruling Americo-Liberians eventually escalated to the point of the tribes claiming land for their own, and acting as sovereign states.\n. \nThe actions of native Liberian tribes destroyed all hope for economic prosperity in the near future. The trade routes going to major port cities were held by native tribes that would not allow anyone to pass through their lands. Liberiaâs natural resources could not be moved to industrial centers or ports for use, making any raw materials virtually worthless. The problem worsened when simple goods such as shovels become much more expensive because the raw materials involved were so hard to come by.These price changes caused many businesses to close and led to many Liberians losing their jobs. Farmers were also affected by the price changes, as they could not purchase items crucial to farming such as steel plows or shovels.\n. \nThe Liberian government wanted to build a strong, free country, and as said by Chester Bowles, âThere can be no real individual freedom in the presence of economic insecurity.â Therefore, the Liberian government strode to give Liberia a sense of economic security. Unfortunately, Liberia was still a very young control, and its government lacked the political and military power necessary to force the native tribes to cooperate. The Liberian government, in an effort to stop the tribal control of trade routes, adopted an open door economic policy, thus enlisting the help of foreign corporation to reopen the trade routes.\n. \nUnfortunately, this switch form a closed door economic policy to an open door economic policy had many negative side effects. The previous closed door economic policies allowed Liberia to carefully monitor trade and foreign companies operating in Liberia had to follow strict regulations. This policy allowed Liberia to enjoy the benefits of world trade without having to worry too much about abusive foreign corporations or the ups and downs of the global economy.\n. \nLiberiaâs new open door economic policy made Liberia much more dependent on the world market. If the prices of raw materials dropped in Europe, Liberia would feel the consequences of the price drops. The open door policy also eliminated most regulations on foreign corporations. These drastic changes in Liberiaâs economic policies did reestablish their internal trade routes, thus allowing goods to move freely, but the Liberian economy was still severely wounded by the recent halt of internal trade.\n. \nBy the turn of the century, Liberia had spurred trade through their new economic policies, but many of the people that originally suffered from the tribal resistance to Americo-Liberian rule were not affected much by the increase of trade. Any Liberian businesses that had sprung up after the reestablishment of the trade routes were outmatched by their more advanced foreign counterparts. Many Liberians had to work for the foreign corporations that paid very low wages. The Liberian government was trying to gain as many foreign investors as possible to provide jobs for their people, so they began offering tax breaks, or concession agreements. These concession agreements allowed foreign corporations to establish large rubber plantations and iron ore mines in Liberia, pay very low wages to their Liberian employees, and pay almost no money in taxes.\n. \nThe results of the concession agreements were disastrous. Foreign corporations came in and exploited Liberiaâs natural resources, the Liberian workers were in more poverty than ever, and the government generated almost no tax revenue from these corporations. Eventually the Liberian government began to realize the economic ruin their country was in. After the complete collapse of the Liberian economy at the turn of the century, it would take Liberia nearly fifty years to recover, and the effects are still felt today.\n. \nLiberia suffered major economic hardships after its creation in 1847. Conflicts between native tribes and Americo-Liberians closed internal trade routes. This forced Liberia to adopt open door economic policies, and eventually allowed the country to be ravaged by foreign corporations. All of these events lead up to the major collapse of the Liberian economy in the European Imperialism era.
The reduction of waste
im in volved in the game of economics because i pay taxes go to work when im suppose to
People are involved in economics when they spend or receive money. The economy is determined by the movement of money between individual people or groups of people such as… corporations.
Resources are not
Economics makes uses of mathematical, logical, and empirical models to reach objective conclusions about the nature of some phenonmenon in the real world. This involves theory… and experiments which are falsifiable and repeatable.
an economic map look like Avery colorful map with a lot of decimal points and is very helpline you mapping skill