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If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
Several major economic developments were made in the 1920's. Five of them were sports, immigration, highway systems, increase in money supply, and sexual liberation.
A major burden to the growth of China's economy was cause by the high population growth. An increase in the population has resulted into limited resources among the residents.
An oversupply of labor
(1. Demand for output (2. Productivity of Labor a.Quality of labor b.Technological progress c.Non-labor outputs (3. Price of other resources(Substitutes and complements)
If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
Gold mining
Agriculture.
Premature birth is the greatest cause of newborn illness and death.
The limited supply of goods caused prices to rise.
the growing economy needed a steady supply of cheap labor
sports, immigration, highway systems, increase in money supply, and sexual liberation
The development was caused by the agriculture industry in South America and the need of slaves for labor.
increase the number of troops in major cities
Actually there are only 6 characteristics. - Stable Food Supply - Social Classes - Government - Culture (Religion, tradition etc..) - Specialized Labor - Language
Several major economic developments were made in the 1920's. Five of them were sports, immigration, highway systems, increase in money supply, and sexual liberation.
A major burden to the growth of China's economy was cause by the high population growth. An increase in the population has resulted into limited resources among the residents.