Peter Burnett was elected in 1849 and in 1850 there was no new election so he was still running
People started to see at the world from a broader perspective, not as a flat surface, and thus not ceased to be afraid of the world, also a number of inventions that was forgotten during the Middle Ages has been rediscovered
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Answer: Theocracy, government by divine guidance or by officials who are regarded as divinely guided. In many theocracies, government leaders are members of the clergy, and the state's legal system is based on religious law. Theocratic rule was typical of early civilizations. Ancient Egypt. One of the most well-known theocratic governments was that of Ancient Egypt. ...
Tibet. Prior to 1959, the Tibetan government was headed by the Dalai Lama. ...
China. ...
Iran. ...
Vatican. ...
Saudi Arabia. ...
Can Theocracy Coexist With Democracy?
Explanation:
The first person to make a boat is unknown. However, the dugout boat was the oldest recovered boat discovered in the Netherlands. It was constructed between 8200 and 7600 BCE.
Typically changing prices only affect supply and demand when one creates artificial demand for it. In almost any cases, it is typically the supply and demand that affects the price changes.
We must firstly understand how supply and demand affect changing prices before we can understand the opposite effect. For example, if there is 100 units, and there are only 50 buyers, the supply is more than the demand. To generate artificial demand therefore, the supplier may lower the prices in an effort to sell off all units. On the other hand, if there is 100 units, but there are more than 100 buyers, than the supplier may raise the prices. This lowers the demand for the product as well as maximizing profits. This example assumes that there is only one supplier of the unit that is in demand.
If however, the supplier has competitors within the field (and is not bound by law to set a certain rate), they may change the prices to be lower than their competitors, in an effort to increase more demand for the prices. It would artificially drive down prices, thereby making profits less. If competitors are not able to survive with less profit and/or be able to lower their own prices, they would be forced to go out of business, either by closing or selling their shops. In turn, when the original company buys up their competitors assets, they then hold a monopoly or close to a monopoly of the given field. This allows them to artificially change the price on their own discretion, typically known for the term <em>price-gouging</em>. Historically in the United States, this has occurred, especially in the oil industry, but price-gouging of many consumer necessities have been banned and a official rate has been set for them.
Essentially, in a true supply and demand, changing a price to be higher than market value may lead to a lower demand, and therefore a surplus of the product, which leads to a artificial low price, while changing a price to be below market value may generate higher demand, which in turn leads to a artificial high price.
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