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Define the Law of Demand and Explain How This Relates

question 79

Essay

Define the law of demand and explain how this relates to typical human behavior.


Definitions:

Spinoza

Baruch Spinoza, a Dutch philosopher of Sephardi Portuguese origin, known for his work in ethics, epistemology, and rationalism.

Monad

In Leibniz, the simple immaterial substances that are the ultimate constituents of all reality. God, the one uncreated monad, created all of the others as self-enclosed (“windowless”), predetermined entities.

Monads

In philosophy, especially in Leibniz's metaphysics, indivisible and simple entities that are the ultimate units of reality.

Leibniz

Gottfried Wilhelm Leibniz was a German polymath and philosopher best known for his development of differential and integral calculus independently of Isaac Newton and for his optimistic philosophical system.

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