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Home/ Economics HL - Jacob Solomon's group - Year 1/ Group items tagged Natural

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Monique T

Hunger in North Korea: Let them eat maize husks | The Economist - 4 views

  • exaggerating its troubles for political gain
  • North Korea’s food needs has long been a politicised business
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    This article demonstrates the scarcity facing the food supply of people in North Korea. Although we would normally expect food scarcity because of, for example, a natural disaster, the food scarcity experienced by the people in North Korea is not only because of a lack of food being made... It is scarce because the government is preventing the supply of food from getting to the people, creating a greater demand than supply. Food is a limited resource, but the problem of scarcity in this part of the world is because of political reasons in addition to natural.
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    It's really disturbing to read this. When we're working towards satisfying as many wants as we have, some people don't even get what they need.
Nadiya Safonova

Colorado Forest Fires and Increased Natural Disasters in USA - 1 views

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    Natural Disasters, Latest Natural Disaster News - Aggregate supply rises when weather conditions are stable and well, however the rate of bad weather, such as these fires which are destroying large chunks of land will cause the aggregate supply to decrease.
Lucas G

End the Avista Monopoly - 3 views

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    This short article relates to the concept of natural monopolies; as are found in utilities such as water, electricity and gas providers. This article complains at the fact that Avista charges a high quantity for gas; and being a monopoly; it gets away with it.
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    This short article relates to the concept of natural monopolies; as are found in utilities such as water, electricity and gas providers. This article complains at the fact that Avista charges a high quantity for gas; and being a monopoly; it gets away with it.
Hannah S

Counting the calamities - 0 views

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    This article starts by talking of how natural disasters in Thailand are increasing production costs for many different businesses. This may be because the organisations now have to try to make their buildings earthquake-proof and after natural disasters have to spend a lot of money on trying to repair whatever damage was done.
Markus O

Northeast farmers warn of Irene pumpkin shortage - 3 views

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    The article discusses a pumpkin shortage due to a natural disaster, hurricane Irene, that has destroyed crops such as these pumpkins, in the US. It demonstrates scarcity since the quantity of the resource provided is not meeting the wants of people for the product. For one, prices are rising sky high as a result, and some people who would be willing to buy cannot even get the product.
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    oh no! I'm gonna need my jack-o-lantern!
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    I never even thought about how Irene might have affecting something so many of us take for granted seasonally. The hurricane created a sort of chain reaction, ending with some very lame Halloween decorations :( If there are a shortage of pumpkins this year, I wonder if the lack of seeds will mean that future seasons will have low yieldings of pumpkins?
Olachi Nwabuikwu

BBC News - Somalia famine: UN warns of 750,000 deaths - 2 views

  • "In total, 4 million people are in crisis in Somalia, with 750,000 people at risk of death in the coming four months in the absence of adequate response,"
  • 'Not short-term'
  • "Even if we are able to get food and supplies to the main ports of Somalia, I think there is a real challenge in being able to deliver that assistance - what I call the 'last-mile' problem.
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    Now for Somalian citizens who are faced with a compulsory pattern of living with famine, scarcity can be thought as not invited but already a citizen, despite the environmental constraints of hydro climatically-induced water scarcity and the considerable fluctuations which characterize the natural freshwater supply supposed to exist; a water-stress routine is now an impact on the responsibility of improved water supply for self-sufficient crop production (resulting in lack of food and crop production) as well as the number of these Somalian individuals desperately depending on any flow unit of water available to them from the water cycle. Sadly as stated it is not of a short term crisis but if seen in a medium-term-perspective, water may not be readily available to support improved life quality for this growing African population, so the economy therefore is faced with a great deal of scarcity without knowing what to do about it.
Lola Z

Cover story 1 - Agriculture-Go big ... and small - 0 views

shared by Lola Z on 22 Jan 12 - No Cached
    • Lola Z
       
      Sometimes economies of scale creates monopoly when a company grows too big. And this forces small operations out because economies of scale helps the price to remain competitive.
  • It is natural, simply capitalism
  • you must get bigger, get better, or get out.
  • ...1 more annotation...
  • greater economies of scale become more pressing and more smaller farmers are unable to make a reasonable living off the land.
Lola Z

District is going green with buses - USATODAY.com - 0 views

    • Lola Z
       
      As the propane buses are more environmentally friendly, government encourages the purchase of these buses by granting tax credits.
  • "You don't have the emission issues, and that was very, very attractive," Latko said.
  • The federal government offers a 50-cent excise tax credit for alternative fuels that include compressed natural gas and propane. The incentive makes the cost of propane about $1.40 a gallon, at a time when gas and diesel often cost over $3.
    • Lola Z
       
      The grant from government helps to lower the prices for gas and propane. So more consumers are attracted to use this kind of fuel, and thus, the complement, propane buses.
  • ...2 more annotations...
  • low cost
    • Lola Z
       
      Due to the subsidy from government
  • Government tax credits have added to the economic feasibility of propane buses
Mirren M

FAO working on African agriculture - 1 views

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    This news article is basically concerning the issue of scarcity of natural resources in Africa. We are all well aware that the continent is undergoing an adaptation period with the ongoing climate change and this affects the agricultural aspect of the entire continent (more so in the rural areas). The article talks about the steps that are intended to be taken to withstand the impact of the change in climate and its effects on resources.
Ya Hsuan

World population hits 7 billion - 0 views

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    Today, we are one of 7 billion people on Earth. This historic milestone is rekindling age-old debates over birth control, protecting natural resources and reducing consumption. It also has many wondering whether the Earth can support so many people. About half were added just in the past 40 years, and 3 billion more are expected by 2100.
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    According to Carl Haub, "Currently, world population is growing at the most rapid pace in history." And today, growth is highest in poorest countries where health care advances are keeping people alive longer while birth rates are still relatively high. Therefore in the future, there will be more shortages in food and the price of everything will be going up. There will not be a equilibrium of the economy after all.
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