Answer:
The law of demand says that at higher prices, buyers will demand less of an economic good. The law of supply says that at higher prices, sellers will supply more of an economic good. These two laws interact to determine the actual market prices and volume of goods that are traded on a market.
Explanation:
The Texas Senate has 31 members, while the Texas House of Representatives has 150 members.
TRUUUUUE...................................
Answer:
Well other than the obvious fact that it is dangerous because its outlying kingdoms were vulnerable to invasion. Another thing they had to worry about was certain trading groups would become too dependent on their necessary goods.
The Vedic Age in India (c. 1500 BC-c. 500 BC), also known as the Vedic Period, was the time when the Vedas (the oldest sacred texts in India) were written. During the earliest part of this period and even the period which preceded it, economy was mainly characterized as being self-sufficient, so trade was not so popular. This meant that there were some drawbacks of voluntary trade, for example:
- little scope for product exchange
- households produced just the necessary supplies for the family
- the surplus was stored for future use
- the different neighboring areas were not connected by trade, as they were self-sufficient
- each farm produced their own grains, clothing and other commodities
- roads were poorly made, so trade was difficult - they traveled down the rivers instead of roads
- economic exchange was in the form of gift-giving
Explanation:
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Answer:
unitary
Explanation:
A unitary system has the highest degree of centralization. In a unitary state, the central government holds all the power. Lower-level governments, if they exist at all, do nothing but implement the policies of the national government.
