Compare and Contrast the Concepts of Confucianism and Legalism

question 45

Essay

Compare and contrast the concepts of Confucianism and Legalism. Why did the latter become so important in the Qin dynasty? Would the Qin have survived longer if it had followed the Confucian path? Why or why not?

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Definitions:

Money Supply

The complete accumulation of assets measured in money terms within an economy at any specified moment, including coins, cash, and the deposits across checking and savings accounts.

Interest Rate

The cost of borrowing money, expressed as a percentage of the total amount loaned, or the profit earned on savings and investments.

Money Market Equilibrium

The state where the supply of and the demand for money balances, resulting in economic stability at a given interest rate.

Interest Rate

The amount charged by lenders to borrowers for the use of assets, expressed as a percentage of the principal, or the amount earned by an investment.