Answer: Shortage
Explanation:
The equilibrium price is the price at which the demand for a particular product and its supply is equal.
When the price of a good is below the equilibrium price for that good, this will more people demanding the good which will therefore lead to a situation where the quantity demanded is less than the quantity that is supplied. This leads to a situation called shortage.
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For the fact that the resources are limited, the economies must make the decisions.
<u>Explanation:
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- At any given time, the resources that an economy can make the most out of are limited. It is mandatory for the economies that for their own benefit, they make the best and optimum use of the resources they have at hands before they run out of resources of waste them in insignificant activities.
- All the decisions pertaining to resources and their distribution must be hence left into the hands of the economy so that the best financial use of the resources in done.
Secularism is a state having no official or state religion. It means treating people of different religion equally. ... Religious equality and freedom are maintained there. Secularism helps promote religious tolerance, which is required to maintain peace, co-operation, and unity among people.
Answer:
I would write in my diary:
After managing my house I realized that it takes a lot of knowledge of administration to be able to carry out many tasks, for example, when making the list for the supermarket you must be careful to see your budget first so that it reaches to cover the needs of the home without exceeding. Also, when attending to the needs of my relatives, we must be careful to listen to all of them and make everyone feel the same, and that takes a lot of time. I can imagine how difficult it must be to run the state.
I hope this can help you.
Answer:
Knowledge of how to manipulate the system
Explanation:
President Lyndon Johnson was able to get passage of the Civil Rights Act through Congress because of his deep experience in the Senate, understanding who to influence and how.
