1. New producers entering the market. (More businesses producing a product or service will mean a greater supply of that product or service.)
2. Government taxes and subsidies. (High taxes on a product may discourage suppliers, whereas government subsidies will encourage more of the product to be supplied. A recent example was government subsidy for the production of ethanol, which caused a strong increase in ethanol production and supplies.)
4. Cost of the product or services. (High input costs to provide the product or service will tend to decrease supply, as profit margins for producers are affected.)
5. Future expectation of prices. This one is tricky to call a "non-price determinant," but it's not a current, actual price. It's the anticipation that prices and sales will be strong at some future point. So, for instance, if there is an expectation that flying cars (or personal helicopters) will someday be a high-demand item that will sell for high prices, that will spur development and supply of such an item.
<em>The only one I left out was #3, effect of mass media advertising -- because that is something that is a determinant of demand rather than supply.</em>
It would be the economic policy of "mercantilism" that was based on the idea that the American colonies primarily were meant to provide economic benefits for Great Britain, since this philosophy held that trade between two entities benefits mainly the larger entity (in this case Britain), and that it is in that entity's best interest to protect its trading partner (the colonies).
Answer:
The King and Parliament believed they had the right to tax the colonies. They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War. In fact, the Britain also needs to gain money and to pay for its war debts
Explanation:
