The economy of Ancient Egypt was based on agriculture, as most of the people were farmers. Due to Nile's flooding, the Egyptians managed to create surplus of food, which they could story or trade for other goods. The growth of Egyptian economy was mostly achieved through improving farming techniques, such as through irrigation.
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By the end of the revolutionary war the new government was formed as a confederation of independent states which were loosely linked to one another.
While initially seen as a strength, things eventually became difficult to manage as many states started to print their own money, make their own international trade pacts and were even building their own independent military.
This was seen as a threat to a new nation and constitutional convention was conducted in Philadelphia. 12 out of the 13 States participated in this convention with the aim of providing some kind of a homogeneity to the new country.
By the end of the convention, the constitution gave way to 3 different branches of government which still form the core of the United States:
1. The Legislative Branch
2. The Executive Branch
3. The Judicial Branch
If you’re talking about supply and demand, demand is how much people want of something, and the suppliers how much of it is available. If there is more demand then there is supply, the price of the product will go up. If there is more supplied and there is demand, the price will go down.
