Conventional price elasticity of demand is a simplistic and elementary formula that has mathematical and economic deficiencies when applied to price (rates) and demand (balances) of deposit products: It does not recognize inverse relations between price and demand.
At its peak in 1300, the Mali Empire covered an area about twice the size of modern-day France and stretched to the west coast of Africa. In the late 19th century, during the Scramble for Africa, France seized control of Mali, making it a part of French Sudan.
Mali. A landlocked country in West Africa, Mali is one of the five least developed countries in the world. Over 90 percent of Maliâs population lives in the more fertile southern region of the country. The Niger River acts as important trade passage in the south.1  Population: 14,853,600. 2  Life Expectancy: 55 years. landlocked country in West Africa, Mali is one of the five least developed countries in the world. Over 90 percent of Maliâs population lives in the more fertile southern region of the country.