is an economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.
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During the Cultural Revolution, bourgeois intellectual were sent to re-education camps to be taught in a communist ideology. Many of them were teachers and professors in charge of the education of the common people. But their ideology didn't match the communist one, so they were sent to these camps to be taught how was like to be a peasant or a common person who had to work hard to survive. This movement despised intellectual labor and valued hand labor.
The song "The East is Red" is a Chinese song that became well-known during the Cultural Revolution in the 1960s. During this time period, it was considered to be the de facto national anthem of the country.
The main reason why the Communist Party wanted to popularize this song was to increase legitimacy and support for their cause. The lyrics celebrate Mao Zedong, and create an image of him that is idealistic and heroic. This allowed him to develop a personality cult around his person.