Social Studies, 15.01.2020 17:31 raywils0n12300p0t3yc

4ways egyptians gain wealth and land

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Egyptians gained wealth and land through heredity. They inherit the wealth and land that the previous generation accumulated and use the wealth and land to acquire some more. That would be another way, buying. More or less, it is not just the lands and wealth that are bought but the people that owned these. They are bought out for their service, buying their freedom to serve a more powerful being. Thus, acquiring their wealth and land and adding it unto their own. Another one is through conquering. There are small groups at places that are rich in wealth and land. When a man in power finds this, it is easily conquered and the wealth and land would also be acquired adding it to their own. Another one would be through discovery. Wealth or land with no ownership would result to a first-come-first-serve basis. When the first man owns it, it is up to him how to defend it from people who want the same thing. In the society, the royalty or the Pharaoh would be the wealthiest and the one with the most lands through the ways mentioned above.

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levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

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