Rule of force-No rules and people simply take what they want
First come-first served-When shoppers arrive when the store opens so they can buy all the goods on a sale at low prices
Gov't rules-the gov't decides who receives what and when
Markets- compete for more customer and higher profit,workers to compete for better jobs and larger incomes.
It would be Michigan because it lies northeast of Ohio.
Answer: The Great Depression Because of WW1
Explanation:
Answer:
Market equilibrium is determined by the intersection of the supply and demand curves.
Explanation:
There is a relationship between demand and supply. And in macro economics four laws perceived in between demand and supply.
- If with increasing demand supply remains unchanged it will lead to high price of commodity.
- If with increasing demand supply also increase it creates a balance equilibrium in between market demand and supply.
- If due to certain reason demand diminish and supply remains same in high quantity it will totally disbalance market equilibrium and both the buyer and seller will face the impact of that fluctuation.
