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Borrowing money allowed people to invest in new opportunities in the city, such as starting businesses or pursuing education, which wasn't possible with limited farming income. This encouraged people to leave farming for the potential of higher earnings and a different lifestyle in urban areas. Additionally, industrialization and urbanization created a demand for labor in cities, drawing people away from rural areas.
What else can I help you with?
How important is farming to someone living in a poor country?
Farming is crucial for people living in poor countries because it provides them with food security, income, and employment opportunities. Many individuals in these countries rely on agriculture for their livelihoods, making it a vital aspect of their daily lives and overall well-being. Additionally, farming can contribute to economic development and poverty reduction in these regions.
How many people polluted each day?
You are right about people afraid of losing money. People are trying to have and at the same time save money but it all ends up on the same matter which is pollution. We try to save money but we misuse it.
What do ppl call money in us?
People commonly refer to money in the US as "bucks", "dough", "cash", or simply "money".
Why do people live in rural areas?
The are many reasons. As you can imagine there would be a lot less pollution, noise and you would have a lot more privacy. There would most likely also be more space as well as natural resources available. Many poor people live in rural areas because they depend on farming for food, so need lots of space for this.
What percentage of people borrow money to buy cars?
Roughly 70-80% of people borrow money to buy cars. This includes financing options like auto loans, leases, and other forms of credit.
Who has the authority to lower or raise interest rates to discourage or encourage the borrowing and spending of money?
Federal Reserve
Who has the authority to lower or raise interest rates to discourage or encourage the borrowing and spending money?
Federal Reserve
The cost of borrowing money is called the?
The cost of borrowing money is called interest.
Why is the united states borrowing money from the nation for wars?
If you mean "why is the U.S. borrowing money from the U.N.", the answer is because the U.S. doesn't have enough of its own. If you mean "why is the U.S. borrowing money from the country" then the answer would be that the U.S. is not borrowing its own money, its just using it.
What the advantages about borrowing money?
you get money
What do you call a charge for borrowing money?
a debtor with a dick
Where can you find out about borrowing money?
There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.
What is the value of borrowing money?
There is no value of borrowing money. After all, you have to pay it back and often twice or 3 times as much as you originally borowed, but people do this because they want to buy (f.e a car) fast, and they can not wait to get their money by working. ^_^
How do you understan borrowing in math?
Borrowing is the act of taking with intentions of returning it. If you borrow money, most people will charge interest on the money. Most banks charge interest yearly, sometimes monthly. The interest depends on who or where you borrow the money from.
What is buying on margin?
its borrowing money to invest in the Stock Market
Before money came to an excistance ho did people get things?
Trading, borrowing (probably) and theft
Why do banks give interest on deposit?
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
