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Back in 1879, Thomas Edison invented incandescent light bulbs. This wonderful invention made life a lot easier for people around the world. The compact fluorescent light bulbs are extremely popular because they last a long time and use about one-fourth the amount of electricity than the familiar standard bulbs.
Published by Cynthia Roberts 83 months ago in Economics | +13 votes | 9 comments
Facts and information of the Industrial Revolution, Industrial Revolution inventions, women and child labor during the Industrial Revolution, technology and inventors.
Published by Tel Asiado 86 months ago in Economics | +13 votes | 4 comments
What are the babies of the intertidal zone and how valuable is this part of the coastal ecosystem?
Published by Patrick Regoniel 75 months ago in Economics | +11 votes | 6 comments
Poorhouses were funded by federal, state, and local taxes. They were residential institutions where indigent and unemployed people were committed before public assistance and social security benefits were available to the elderly, disabled, and needy. There were some benefits given to the poor, but they were unlike Temporary Assistance for Needy Families (TANF), Aid for The Permanent and Totally Disabled (APTD), or Aid for Families With Dependent Children (AFDC), three of the more current welf...
Published by Amy Russell 71 months ago in Economics | +9 votes | 6 comments
How Jevons paradox can be applied today to determine if energy efficiency will reduce the consumption of fossil fuels or other resources or if increases in efficiency will lead to increased demand and usage.
Published by Daniel Snyder 85 months ago in Economics | +7 votes | 0 comments
Facts and information on the worldÂ’s top 20 countries by gross domestic product (GDP), nominal, for 2009.
Published by Tel Asiado 86 months ago in Economics | +7 votes | 0 comments
hydroagriculture, economics, anthropology, farming, agriculture, hydraulics, civilization, complex society, society, culture, water systems, canals, geography, population, warfare, war, technology,
Published by Lauren Axelrod 84 months ago in Economics | +5 votes | 1 comments
Facts and information about the founder of modern economics, Adam Smith, and his famous economic theory, The Wealth of Nations, that laid the foundation for free trade and open market.
Published by Tel Asiado 86 months ago in Economics | +5 votes | 2 comments
There are unimaginable riches that can be won from outerspace from near-earth asteroids and the solar system. The skill is already there what is lacking is the will.
Published by John Carter 78 months ago in Economics | +4 votes | 3 comments
Definition of the law of demand and the exceptions to the Law of Demand Generally the demand curve slopes downwards from left to right. Or, in other words, the higher the price of good, other things is remaining the same, the smaller will be the quantity normally bought. Similarly, the lower the price of a good, the greater will be the quantity normally purchased. This is in accordance with the law of diminishing marginal utility.
Published by Gazu Lakhotia 81 months ago in Economics | +4 votes | 1 comments
While some are living in luxury, billions are living very obscure life due to poverty. Remarkable Slum Areas in the World.
Published by Nobert Bermosa 72 months ago in Economics | +3 votes | 6 comments
Kmart and Sears closing stores. Kmart and Sears two cultural icons maybe on their knees.
Published by Jaz 73 months ago in Economics | +3 votes | 2 comments
Factors Determining Elasticity of Demand There are several factors which determine the elasticity of demand. (i)For necessaries and conventional necessaries the demand is inelastic or less elastic- We have to buy these commodities whatever be the price. A change in price, therefore, does not matter so far as the demand for such commodities is concerned. Salt is one such thing and wheat another. But in a poor country like India-even the demand for such things is somewhat elastic.
Published by Gazu Lakhotia 81 months ago in Economics | +3 votes | 0 comments
Defination (Meaning) of Demand Demand means the quantity of a commodity demanded per unit of time at a certain price. Types of Demand, (a) Price demand means the quantity demanded at a certain price. (b) Income Demand means the quantities demanded at the various levels of income. (c) Cross Demand denotes the quantities demanded with reference to a change in price of some other goods.
Published by Gazu Lakhotia 81 months ago in Economics | +3 votes | 2 comments
Besides the complex political issues behind the series of riots in the Arab world and the Middle East, some economics help explain why the strain that has spread worldwide since the conflict began. One of them is the fact that almost 80% of world oil reserves are controlled by the countries of the Organization of Petroleum Exporting Countries (OPEC).
Published by Luiz Sousa 83 months ago in Economics | +3 votes | 0 comments
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