In recent decades, cities have grown so large that the majority of the Earth's population lives in
Question:
In recent decades, cities have grown so large that the majority of the Earth's population lives in urban areas, and there are several reasons for this occurrence. First, the increasing industrialization of the nineteenth century resulted in the creation of many factory jobs, which tended to be located in cities. These jobs, with their promise of better material life, attracted many people from rural areas. Second, there were many schools established to educate the children of the new factory laborers. The promise of a better education persuaded many families to leave farming communities and move to the cities. Finally, as the cities grew, people established places of leisure, entertainment, and cultures, such as sports stadiums, theatres, and museums. For many people, these facilities made city life appear more interesting than life at the farm and therefore drew them away from rural communities. Due to all these reasons, a major part of the earth’s population is residing in cities.
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Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe