List the Factors That Change Supply and Shift the Supply

question 193

Essay

List the factors that change supply and shift the supply curve. Tell what happens to supply and the supply curve when there is an increase in the factor.

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Definitions:

Weber's Model

A sociological framework developed by Max Weber that analyzes society through concepts like authority, social stratification, and the impact of cultural beliefs on economics and politics.

Bureaucracy

A system of government or business that is characterized by a hierarchical structure, fixed rules, and a detailed division of labor.

Bureaucracies

Complex organizational systems with standardized procedures and rules, often in governmental or institutional settings.

Social Category

A classification of people based on shared socio-cultural traits, like age, gender, or ethnic background.