What Factors Contributed To The Growth Of The Ghana Mali And Songhai Empires? The West African trading kingdoms, such as Mali and Songhai, flourished due to their extensive trade in gold, ivory, and salt. What was the reason for the rise of the empires of Ghana Mali and Songhai? Located within the present-day borders of
Why Are The Rivers Of Asia Considered Important? Asia’s rivers affect more than half of the world’s population, providing water for cities, agriculture, transportation, and power generation and contributing to flooding and landslide hazards. How did East Asia achieve economic success? Major growth factors have ranged from favorable political and legal environments for industry and
What Companies Benefit From Economies Of Scale? Increased profits – Economies of scale lead to increased profits, generating a higher return on capital investment and providing businesses with the platform to grow. Larger business scale – As a business grows in size, it solidifies and becomes less vulnerable to external threats, such as hostile takeover
What Are The Major Industries In North America? Rank Industry GDP value added (in $ billions), 2011 1 Real estate, renting, leasing 1,898 2 State and Local Government 1,336 3 Finance and insurance 1,159 4 Health/social care 1,136 What are 5 major industries? Healthcare. … Technology. … Construction. … Retail. … Non-durable Manufacturing. What are
How Do You Tell If There Are Economies Of Scale? Economies of scale exist when long run average total cost decreases as output increases, diseconomies of scale occur when long run average total cost increases as output increases, and constant returns to scale occur when costs do not change as output increases. How do you
Which Is The First Beneficiary Country Of BRICS? Country South Korea 2025 36,813 2020 29,868 2015 26,012 2010 21,602 Which BRICS country has the largest economy? China has the largest GDP of the BRICS country, at 16.86 trillion U.S. dollars in 2021, while the others are all below three trillion. Which country is the chair
Which Individual Is A Producer A Host Who Seats? Definition: A producer is someone who creates and supplies goods or services. Producers combine labor and capital—called factor inputs—to create—that is, to output—something else. Business firms are the main examples of producers and are usually what economists have in mind when talking about producers. What individual
How Are Resources Allocated In A Market Economy? In a free market economy, resources are allocated through the interaction of free and self-directed market forces. This means that what to produce is determined consumers, how to produce is determined by producers, and who gets the products depends upon the purchasing power of consumers. How are
Who Decides What To Produce In A Market Economy? In a market economy, the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees. These decisions in a free-market economy are influenced by the pressures of competition, supply, and demand. Who decides
What Economic Activity Dominates Southeast Asia? Agriculture. Agriculture is the main source of livelihood in every country in the region except Brunei and Singapore. Agricultural employment, however, has been declining. More than two-thirds of the workforces of Cambodia and Laos practice agriculture. What is the major economic activity in most of Southeast Asia? Agriculture is