supply and demand determines prices levels for goods and services in a market economy.
A market economy is characterized by the free entry and exit of firms, that is, it is an economic system based on competition. In this context, firms compete for the market through price practices. Consumers will buy from the firms that practice the lowest price and firms that charge a higher price will be eliminated by the competition.
When the market places a price where the supply of goods and services will equal the demand for goods and services, the economy will be in equilibrium.
April 12th, 1861 - May 9, 1865
Answer:
Japan wanted to expand their influence and gain more resources to challenge the West in Asia and establish themselves as the new Pacific and Asian power.
Explanation:
After Japan adopted a westernized military and became heavily industrialized, they lacked the proper resources to produce things like guns, ships, planes, artillery, tanks, etc. Japan also felt threatened by the West given Japan's proximity to their colonies, and felt threatened as an Asian and Pacific power and wanted to become the new Asian power. Japan first needed resources to produce equipment to challenge the West's power in Asia. They declared war on China in 1937 after staging the Marco-polo bridge incident and began spearing into China, hoping to find resources and labor. As the UK was distracted by war in Europe and the French and Dutch collapsed, Japan thought they could swipe their colonies from them knowing they're undefended. These South East Asian colonies were rich in rubber and oil like Malaya and Indonesia. Japan's endgame here was to defeat China, take the resource-rich Western colonies, and establish themselves as the new Pacific and Asian power.
The Taj Mahal a good example of cultural diffusion because it contributes to the spread of social activities and cultural beliefs from one country to another. It also mixed different cultures all over the world through religions, nationalities, ethnicities, and others. It is a good example of cultural diffusion because it unites cultures with their ideas, customs, and practices. Taj Mahal was built to be a tomb for the wife of Shah Jahan, Mumtaz, who died when she gave birth to their 14th child.
