With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
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Answer:
The New Jersey plan gave Congress the powers to set taxes and regulate trade
The New Jersey Plan gave Congress the power to set taxes, regulate trade, and elect and executive branch made up of more than one person. It also stated that the legislature would be a single house with each state having one vote. A settlement of a dispute by each party giving up some demands.
Industrialization went hand in hand with democratic institutions and respect for private property. To the extent working people constituted a unified block of voters, they had to be listened to.
<span>Now, let me ask you a question: What does your question really ask? That is to say, what do you mean by "the major industrial nations of the west"? In what way are they different from the "working people" who live in them? Or, do you think that all John D. Rockefeller did was sit around all day and let money flow into his pocket like honey from a pot? Guys like E.H. Harriman worked very, very hard. So, does your question really make any sense?</span>
Answer:
A group picnic
Explanation:
In the question above, since the local employees have already met the physiological and safety needs then based on the "hierarchy of needs theory" the next motivation level would be met via the promise of a particular "group picnic" i.e, via "love and belonging needs".
The hierarchy of needs theory was conceptualized by a psychologist named Abraham Maslow. He defined the "love and belonging needs" as the process that involves "range of intimacy" between different people and circumscribe empathy, compassion, caring, being part of a specific community, feelings of being approved or accepted vs. disapproved or rejected by a community, etc.
Answer: Kunwar Indrajit Singh (Nepali: कुँवर इन्द्रजीत सिंह; 1906 – 4 October 1982) or Kunwar Inderjit Singh, popularly known as Dr. K.I. Singh or just K.I. Singh was a Nepali politician and revolutionary who served as the 20th Prime Minister of Nepal in 1957.[1] He was a key Nepali Congress organizer in the 1951 Nepali Revolution, and was a leader in its militant wing, the Muktisena,[2] who later refused to recognize the Delhi Accord and was forced to flee the country following a revolt he took part in.[3] In 1955 he returned and formed the United Democratic Party, and following the installation of the Panchayat system, was also elected as a member to the Rastriya Panchayat. He was known as the "Robin Hood of the Himalayas", and was very popular throughout the country.[4][5]
Explanation:
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