What was the first country to have slaves?

What was the first country to have slaves? Slavery operated in the first civilizations (such as Sumer in Mesopotamia, which dates back as far as 3500 BC). Slavery features in the Mesopotamian Code of Hammurabi (c. 1860 BCE), which refers to it as an established institution. How did the British get slaves from Africa? In […]

Which country invests more on human capital?

Which country invests more on human capital? In the first rankings, Singapore ranks first on the Human Capital Index. The 2020 ranking has Singapore leading again among 174 economies. What is investment in human capital? Human capital is an intangible asset or quality not listed on a company’s balance sheet. It can be classified as […]

What happens when supply decreases and demand increases?

What happens when supply decreases and demand increases? If an increase in demand increases equilibrium price and a decrease in supply increases equilibrium price, then both together MUST increase equilibrium price. The demand shift results in a larger quantity, and the supply shift leads to a smaller quantity. What happens to demand when supply decreases? […]

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