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cuz the south is mostly kinda an agricultural thing...i oughta know, i am a southerner. that and we spend all of are money in beer, guns, and ammo. then whatver is left gose to are in of the world plans.
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoGenerally speaking during the time before the US Civil War, the wealth of the South lay with the large cotton plantation owners. Maintaining slaves to work the plantations cost money as the slaves needed to be clothed and fed. This required capital expenses. Also, as the North was a buyer of cotton, as well as Great Britain, for example, the plantation system worked as well as it could. There were no needs to create an industrialized South. The lack extra funds for business investments was due in large part to the economy of the entire US. The North provided manufactured goods and the South provided the North with raw materials.
Wiki User
∙ 6y agoBecause ther were broke.
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What factor of production does Mexico lack?
Capital qualifies as such. Mexico has plenty of natural resources and a large population, but it lacks enough capital to invest in large projects -- some examples include automotive industry, large mining projects or technological r&d.
What is the shortage of capital?
Lack of capital means not enough money.
What are the problems of small scale business?
Insufficient capital,lack of technical know how,illiteracy and a whole lot of them.
How has capital production kept from developing in Mexico?
Capital is not created out of thin air; it is usually transferred from wealthy citizens and institutions into productive enterprises through "investments". Mexico is rich in resources, but has lacked enough wealthy people with capital to invest beyond specific enterprises; the biggest reasons for this lack of investment are lack of contract upholding (rule of law), corruption and lengthy administrative processes, such as those required to open up a new company in Mexico.
Which factor of production is most lacking in Mexico?
Capital is not created out of thin air; it is usually transferred from wealthy citizens and institutions into productive enterprises through "investments".Mexico is rich in resources, but has lacked enough wealthy people with capital to invest beyond specific enterprises; the biggest reasons for this lack of investment are lack of contract upholding (rule of law), corruption and lengthy administrative processes, such as those required to open up a new company in Mexico.
Why did southerners lack capital invest in businesses?
Generally speaking during the time before the US Civil War, the wealth of the South lay with the large cotton plantation owners. Maintaining slaves to work the plantations cost money as the slaves needed to be clothed and fed. This required capital expenses. Also, as the North was a buyer of cotton, as well as Great Britain, for example, the plantation system worked as well as it could. There were no needs to create an industrialized South. The lack extra funds for business investments was due in large part to the economy of the entire US. The North provided manufactured goods and the South provided the North with raw materials.
What are limitation of financial planning?
Some limitations of financial planning are lack of knowledge of investing, lack of money to invest, and if one is older, lack of time to plan for financing. The biggest limitation is definitely the lack of knowledge.
What are some common factors of failure for small businesses?
Lack of differentiation
What are challenges facing the implementation of 2011 kenyan budget?
lack of capital lack of skilled personnel
How consumers take advantage of businesses?
they take advantage of their lack of knowledge of the product.
Why was the entrepreneur has lack of support from the government?
Because the government also has lack of capital to support the businessman or the entrpreneurs.
Causes of business failure?
They include: lack of experience, insufficient capital, poor inventory management, over-investment in fixed assets, poor credit arrangement management and unexpected growth. Businesses can also fail as a result of wars, recessions, high taxation, high interest rates, excessive regulations, poor management decisions, insufficient marketing, inability to compete with other similar businesses, or a lack of interest from the public in the business's offerings.
