The Manufacturing Belt was called the Rust Belt in the latter decades of the 20th century because the word that describes the deterioration of iron into rust was an appropriate name to give to a region where the iron and steel and related industries were in great decline. The South, West, and Southwest were called the Sun Belt because of their sunny climates; Rust Belt mimicked that name. In many cases, old factories had literally turned to rust, but the whole region was considered obsolete and deteriorated.
Economics has a hard time to justify being called a science. A science should have well understood laws, and be capable of explaining phenomena and of predicting outcomes. The latter two have a hard time in economics.
The rationale is that it's the entrepreneur who begins each small business. Without the former, you won't have the latter.
Because they are relatively rare and hard to mine. They also have aesthetic value in jewelery as well as intrinsic value in various types of industrial machinery (although much of the latter is now replaced by synthetic diamonds).
Karl Marx believed that history was governed by the "science" of economics. He wrote that whom ever held the economic advantage in any period of time "created" the history of that time. Marx also did what can be called a "double take" on this issue. He was serious about this and his interpretation ofboth human history and economic systems led him to see the ultimate outcome of of the the latter and the former. Thus the laws he exposed on how economic systems "Must work" he deemed "science". As time passed his ideas on this were debunked by most historians, political philosophers and economists.
The difference between entrepreneurship and an entrepreneur is Entrepreneurship is the process of managing business with expectation of profit making.
The Manufacturing Belt was called the Rust Belt in the latter decades of the 20th century because the word that describes the deterioration of iron into rust was an appropriate name to give to a region where the iron and steel and related industries were in great decline. The South, West, and Southwest were called the Sun Belt because of their sunny climates; Rust Belt mimicked that name. In many cases, old factories had literally turned to rust, but the whole region was considered obsolete and deteriorated.
OBAMA.
growth of manufacturing
growth of manufacturing
took over land
growth of manufacturing A+
Historical data shows that the industry has been shrinking in both output and the number of manufacturers over the latter part of the twentieth century and the earlier part of the twenty-first century due to competition from lower priced imports
The Herodian kings were all in the latter century of the Second Temple era. The Jewish sages of the time were called Tannaim, sages of the Mishna. Hillel was active at that time.
Slavery became more popular in the latter half of the 17th century due to the demand of labor. The need for slaves became more and more necessary to farmers because their plots were growing, so they needed more workers for them. Tobacco was growing in demand, so many farmers were inclined to get slaves to work their fields: SUPPLY AND DEMAND. Also, slaves were cheaper, easier to replace, and easier to purchase/find/keep as opposed to indentured servants.
The industrial revolution is the name is given to the massive social, economic, and technological changes starting in the latter part of 18th century and continuing into the 19th century. It began in Great Britain but spread to North America and elsewhere during the 19th century. The industrial revolution started as the manual-labor and draft-animal-based economy moved towards a machine-based manufacturing economy.
unemployment
The latter half of the 15th century.