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In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal.[1] Market equilibrium in this case is a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is often called the competitive price or market clearing price and will tend not to change unless demand or supply changes, and quantity is called the "competitive quantity" or market clearing quantity. But the concept of equilibrium in economics also applies to imperfectly competitive markets, where it takes the form of a Nash equilibrium.
The three returns that foreigners would receive from the Chinese emperor for kowtowing and giving tributes were:
<span>.The right to trade in the capital ,recognition of their ruler and the right to receive tribute in return.</span>
Kowtowing was the act of bowing for the royalty, in the imperial court, while tributes were goods brought in terms of gifts to the emperor.
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The great thing about Ancient Egypt is that their women had almost the same rights as their men. So, the ancient Egyptian retained their right to acquire property, enter into contracts, sue and be sued, divorce their spouse, and of course still make food and take care of their disabled children, were just some of the rights that they were able to keep right after marriage.
