Answer:Competitive equilibrium is achieved when profit-maximizing producers and utility-maximizing consumers settle on a price that suits all parties. At this equilibrium price, the quantity supplied by producers is equal to the quantity demanded by consumers.
Explanation:
The overinflated stock market helped cause the Great Depression when the stock market burst and all of the prices started to fall drastically.
Answer:
China was positively affected and showed great social, economic and cultural growth during the territorial expansion under the Qing dynasty.
Explanation:
The Qing dynasty increased Chinese territorial expansion and brought great victories to China. An important fact of this period of time, it was the victory of china against the Mongols that allowed China to bring peace to Tibet and leave this region under its domination, in addition, there was the recognition of the southern borders between China, Myanmar and Nepal, which brought much fruit and prosperity to the country.
The expansion of the territory strengthened agricultural production, which resulted in the expansion of trade and even allowed the establishment of business with European colonies.
the answer is:
1.)Skilled workers were less necessary.
2.)Fewer tasks needed to be done by hand.
3.)Inventions made production less time consuming.
