Answer:
Confucianism brought a stability into a country which had been effected in many ways from previous changeovers in dynasty's. Ancient China also shows it was valued due to it being kept in practice till the end of the Ancient Chinese era and beyond. Confucius believed that every person had there place in society.
Over time, with changes in the demand for loanable funds and the supply of loanable funds change the real interest rate will occur. The interest rates will increase with the increase in demand and decrease with increase in supply.
Loanable funds is the sum total of all the money people and entities in an economy have decided to save and lend to borrowers as an investment rather than personal use.
Interest rates can determine how much money lenders are willing to save and invest. When the demand for the loanable funds increases it pushes the rates up, and when the supply of the loanable fund decreases it pushes the rates lower.
Central banks can manipulate the interest rates to influence the economy.
To learn more about Loanable funds here
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Vaccines are beginning to become scarce in the uk
The field of behavioral economics examines the influence of cognitive biases and attribution errors on people's economic decision making.
<span>behavioral economics is a psychological approach that analyzes how a person's behavior could influence their economic decision.
People with a cognitive bias that belief that killing animal is a murder for example, will be unlikely to buy animal product, such as beef, fur coat, etc</span>
