In factor market individuals supply factors such as labor in return for wages, rent and interest while in the product market firms supply products and individuals pay for them.
The statement ‘Advances in medical technology have had no
impact on the environment’ is false. The environment is affected because first
and foremost, where will they get the raw materials needed to create a
medicine? They get materials such as trees, herbs and the like to create
medicine and the technology to create the medicine came from the mineral rocks
of the earth.
“Legalism in the Qin dynasty.
Legalism became the official philosophy of the Qin Dynasty (221 - 206 BCE) when the first emperor of China, Shi Huangdi (r. 221-210 BCE), rose to power and banned all other philosophies as a corrupting influence. ... The excesses of the Qin Dynasty's legalism made the regime very unpopular with the people of the time.
The Legalists advocated government by a system of laws that rigidly prescribed punishments and rewards for specific behaviours. They stressed the direction of all human activity toward the goal of increasing the power of the ruler and the state.
