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.
A country of western Africa. The site of several powerful states, including the Mali (flourished 14th century) and the Songhai (flourished 15th-16th century), Mali became part of French West Africa in the 19th century and achieved independence in 1960. Bamako is the capital and the largest city. Maâ²liÂ·an adj. & n.