Describe Where and How the First States Formed

question 24

Essay

Describe where and how the first states formed.Include the types of societies that evolved into states, and discuss the factors that contributed to the emergence of the first states.

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, recognizing income and losses proportional to the level of ownership.

Outstanding Common Stock

Outstanding common stock refers to the total number of shares of a corporation's stock that are currently owned by all its shareholders, including shares held by institutional investors and restricted shares.

Unrecorded Patents

Patents that an organization owns which have not been recorded in its financial statements.

Dividends

Payments made by a corporation to its shareholder members, usually derived from profits.