Japan 高校3年 Politics and Economics
Chapters: 2
1. Politics and economy of Japan
Politics and economy of modern Japan · Inquiry into Japan's issues
- Demand, Supply and Market Equilibrium – The law of demand says buyers want less when the price rises; the law of supply says sellers offer more. The market price settles at equilibrium, where quantity demanded equals quantity supplied, and shifts in demand or supply move it. Some goods break the usual laws (Giffen, Veblen, panic buying). A price ceiling set below equilibrium causes shortages. Markets can also fail, for example with pollution or public goods like street lights, so the government steps in.
2. International society
International politics and economy · Inquiry into global issues
- Environment and Sustainable Development – The environment gives us resources, soaks up our waste, supports life and gives beauty. When we take resources faster than nature renews them, or throw waste faster than it can absorb, we cross its carrying capacity and face an environmental crisis. India faces land degradation, air and water pollution, forest and biodiversity loss. Burning fossil fuels traps heat and causes global warming; CFCs thin the ozone layer. Sustainable development meets today's needs without harming the ability of future generations to meet theirs, using clean energy, less waste and traditional knowledge.