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Mkey [24]
2 years ago
12

Why is Supply and Demand a very important concept to microeconomics please state your reasons and why?

Social Studies
1 answer:
puteri [66]2 years ago
8 0

Answer:

Supply and demand are both important for the economy because they impact the prices of consumer goods and services within an economy. According to market economy theory, the relationship between supply and demand balances out at a point in the future; this point is called the equilibrium price.

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Identify four of Jerusalem's holy sites. To which religion is each site sacred, and why is it considered important? (Site 1)
olasank [31]

Answer:

<h2>1. The Western Wall</h2>

Sacred to - Jews and Muslims

The Western Wall is thought by Jews to be the closest structure to the original temple that King Solomon built for God and so is closest to God's dwelling place in the temple. They therefore pray towards it which gives it it's alternative name of the Wailing Wall.

<h2>2. King David's Tomb</h2>

Sacred to - Jews, Christians and Muslims

King David's tomb was thought to be the final resting place of King David and even though it has been shown not to be, Jews still use it as a place of prayer as it is close to Jerusalem's old city.

For Christians, the tomb houses the site of the Last Supper where Jesus and his disciples broke bread for the last time.

Muslims also hold it in great regard as they consider King David to have been a prophet.

<h2>3. The Temple Mount</h2>

Sacred to -  Jews, Christians and Muslims

The Jews hold the Temple Mount in great regard as it was the place that both the first and the second temples were built.

The site is considered the third holiest site in Islam as it is believed that Muhammad ascended to heaven from here to speak to Allah.

For Christians it is the site where Jesus taught his disciples as well as where Jesus prayed every day and accused religious leaders of desecrating by selling goods in.

<h2>4. Church of the Holy Sepulchre</h2>

Sacred to - Christians

The Church of the Holy Sepulchre is meant to mark the location where Jesus was crucified, and then buried and then resurrected from. As such, it is considered one of the holiest sites in Christianity and draws Christian pilgrims from the furthest reaches of the Earth.

8 0
3 years ago
What was one reason the nazi programs of the early 1930s appealed to many in Germany?
Lostsunrise [7]
The German economy was very weak and needed a strong leader to unite them all under one cause. Another reason is they were angry that Germany had lost WW1
6 0
3 years ago
On what matters did the Roman Catholic Church and the Eastern Orthodox Church agree?
zheka24 [161]

In the first 1000 years of Christianity, the Orthodox Catholic Church and the Roman Catholic Church were one Church, because of this both churches share many things in common.

They agree on the divine and human natures of Jesus, the apostolic succession; The triple ministry of bishops, priests and deacons; The sinless life of the Blessed Virgin Mary and the honor that is due to her as the Mother of Christ; the invocation of the saints; The acceptance of the seven sacraments of faith; The confession of sins before a priest; The use of icons in worship; And the solemn celebration of the communion and affirmation of its sacrificial nature as identical to the sacrifice of Christ, where the Eucharistic bread and wine become the body and blood of Jesus Christ.

6 0
3 years ago
Read 2 more answers
A form of the caste system that, until recently, was legal in south africa was called ________.
grigory [225]
Perteria  capetown south africa
7 0
3 years ago
Restoring an insured to the same condition as before a loss is an example of the principle of?
dybincka [34]

Restoring an insured to the same condition as before a loss is an example of the principle of Indemnity. The principle of indemnity makes sure that the insurance contract protects and compensates you for any loss, damage or injury. The objective of an insurance contract is to make you "whole" in case of a loss, not to allow you to make a profit. Thus, the amount of your compensation for damages is directly related to the amount of damages you actually suffered.

The principle of indemnity states that an insurance policy will not provide compensation to the policyholder in excess of their financial loss. This limits the benefit to an amount that is sufficient to recover the policyholder to the same financial position they were in before the loss.

Learn more about the Principle of Indemnity:

brainly.com/question/11431424

#SPJ4

8 0
1 year ago
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