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Some see lobbying as a shadowy and rather undemocratic activity, while others argue that it is simply an extension of freedom of expression and the right to petition government. Do you think lobbying is mainly democratic or undemocratic? Explain your answer.
Technological Advance
Improvements or innovations in technology that enhance productivity, efficiency, or product quality.
Increase in Supply
A situation where the quantity of a good or service that producers are willing and able to sell, at a given price, rises.
Decrease in Supply
A situation where the quantity of a good or service that producers are willing to offer for sale at a given price level decreases.
Decrease in Demand
A reduction in the quantity of a good or service that consumers are willing and able to purchase at a given price range.
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