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The last war that Egypt was in was the October War (also called the Ramadan War or Yom Kippur War) which it fought with Israel in 1973.

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Why is tesco an oligopoly?

Tesco was a monopoly until recently. This is because they don't have 30% market share any more, therefore categorising them in a natural oligopoly with the other chains like ASDA, SAINSBURY etc...


Has true communism ever been successfully implemented in any society, or is it accurate to say that true communism has never been tried?

True communism, as envisioned by Karl Marx, has never been successfully implemented in any society. Some argue that this is because true communism requires a stateless and classless society, which has not been achieved in practice. Others believe that attempts at communism have been hindered by various factors, such as corruption and human nature.


What does elasticity of demand mean?

"Elasticity of demand" is the economic term for how much of something people want. If demand is inelastic, people will buy the same amount at any price (think insulin--a diabetic needs it and so will buy it at any price.). If demand is elastic, the price greatly affects how much people will buy (concert tickets for a B-rate band: the higher the price, the less people will come). This is very generalized: the topic is very complex and confusing when explained in economic terms. Recently the demand for gas, which used to be inelastic, has become elastic. The price has raised too high for people to keep buying what they usually did, and so travel plans have been curtailed due to this and less gas has been puchased. Even more recently, gas prices have lowered again, but demand cannot yet be said to be inelastic again. Altogether, inelastic demand does not affect supply, while elastic demand does.


Has real communism ever been successfully implemented in any country?

Real communism, as envisioned by Karl Marx, has not been successfully implemented in any country. While some countries have claimed to be communist, they have not fully achieved the classless, stateless society that Marx described.


Who Has been pulling through the global recession better than any other country in the realm?

Germany

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