The expansion led to <span>the invention of a money system.
The expansion allowed many traders from China to exchange goods and services with traders from other nations.
In order to make trading process became fairer to both sides, a money system is needed as a form of valuation on a certain products/services.</span>
Equilibrium occurs when supply and demand coordinate to:
(B) set prices and production.
Market equilibrium is achieved when supply and demand are equal. This would happen when prices and production are maintained at levels where demand and supply remain consistent. Economic theory proposes that there is a particular price for a product or service which brings demand and supply into balance, which economists term the equilibrium price. In typical markets, equilibrium is not achieved as a constant state of affairs. Rather, supply and demand will fluctuate around what would be the theoretical equilibrium price. If prices rise due to high demand, this signals producers to expand production to meet the demand for greater supply. If there is too much supply available, market prices will drop as suppliers work to sell their surpluses.
Answer:
Corporations, pools, trusts, holding companies, and so on, help grow an industrialized economy by putting together the financial and physical capital, and also, the labor power, of several people, into one single joint venture.
The advantage of a corporation over individuals is precisely that union of economic forces: capital and labor. This helps economic growth because a corporation is able to invest more resources into costlier and more impactful economic activities.
