The Industrial Revolution And The French Revolution

Both the Industrial Revolution and the French Revolution induced great social transformations from the end of the 18th century on. The revolutions laid the foundation for the journey of modernization for Great Britain and France. Although the two countries were merely separated by the English Channel, the relatively low degree of pre-industrial international communications hindered the interaction of both events. Nevertheless, it is not coincidental that the revolutions occurred roughly at the same time: the rapidly increasing economic demand as well as the emergence of enlightenment philosophies served as the stimuli. However, the varied application and reaction to the two elements are country-based: the difference in the availability of natural resources, the class relations in each states, and the dissimilar applications of the philosophical ideas developed into the two distinctively varied revolutions. David Landes observes that the Industrial Revolution unfolded in England because of its economic and natural resources. In a period of time that population skyrocketed due to the agricultural revolution, food production, good transportation, and textile manufacture were facing enormous challenge to meet the need from the consumers. The escalating demand in England inspired the producers to experiment new way for standardized and mass production. In the middle of England, abundant coal and iron mine sites were located in the shallow ground. Meanwhile, the river network inShow MoreRelatedThe French Revolution, the Industrial Revolution and the American Revolution1831 Words   |  8 PagesThere is no Revolution without a Dance Before it A little essay about the reasons and the outcomes of The American Revolution, the French Revolution and the Industrial Revolution. Jakob Tegnà ©r History A 20/03/06 Katharina Brummer Bjà ¶rk Source Criticism In order to achieve this essay I found help in three different books. The first book, A History of World Societies by the authors McKay, Hill and Buckler, was my primary source. It is a history book of 1800 pages which thoroughly explain the basisRead MoreIndustrial Revolution Impact on the French Revolution1310 Words   |  6 PagesThe French Revolution was influenced by previous events. The idea of treating everyone equally was a cutting-edge view in the eighteenth century. Also novel was the notion that people in the lower social stratum should obtain access to commodities previously reserved for only the upper class. This cultural change for the majority of the populace, focused on promoting the ownership of manufactured goods, also impacted the French Revolution. The industrial change, however, had a longer impact thatRead MoreThe French Revolution and the Industrial Revolution Essay1300 Words   |  6 Pagesthe greatest transformations, reformations, revolutions and many othe r critical events that ever took place in human history. The credit is given to all these revolutions for enlightenment of mankind. The two most important revolutions were the French revolution and the industrial revolution. One can feel that both of these revolutions mutually reinforced each other and later became the back bone of all other revolutions. On the other hand, both revolutions had totally different impacts and consequencesRead MoreSuccesses And Failures Of The French Revolution And The Industrial Revolution1391 Words   |  6 Pagesand Failures The French Revolution and the Industrial Revolution are both meaningful revolutions that altered the English and French citizens permanently during the end of the eighteenth century. They undoubtedly contrast in the ways in which they occurred and the reasons why they developed. However, both the French Revolution and Industrial Revolution have ways in which they succeeded as a revolution, as well as obvious failures. The Industrial Revolution and French Revolutions bittersweet consequencesRead MoreIndustrial, French, and American Revolutions: Common Social Revolutions?764 Words   |  4 Pageshistory there have been many important revolutions that have help to shape society as it is today. There are different causes, from political to religious, economic to social. Any revolution affects those in society, and creates changes for the people in the society. There are three important revolutions that took place in the late 18th century that changed the world for the better. The Frenc h Revolution, the American Revolution, and the Industrial Revolution all took place in the late 1700s. AlthoughRead MoreThe Age Of Romanticism During The French Revolution And The Industrial Revolution2007 Words   |  9 Pagesdisparate worlds where they could enjoy their flights of fantasy. The age of romanticism was blessed with many poets who mesmerized everybody with the worlds they created. There was political tumult during this period due to the French revolution and the Industrial revolution. This compelled the poets to search for peace and solace in their own idealist worlds. They escaped into their utopian lives where they could experience freedom and happiness. The major poets of romanticism are William WordsworthRead MoreThe Social Conditions Of The 19th Century Essay1320 Words   |  6 Pagesfollowing the French and Industrial Revolutions. These world changing events are mostly causing plagues for the working class. These 19th century conditions cause the people to rev olt against the social reforms of the existing world and reveal the need for a new social structure. The newly emerging Industrial revolution results in a shift within economic classes, which are the bourgeoisie and proletariat. The 19th century’s conditions are a result of the Industrial Revolution, French Revolution, and UrbanizationRead MoreAmerican and French Revolution - Essay1419 Words   |  6 PagesAmerican and French Revolutions declared that their goal was to create a new political system based on the principles of liberty and equality. However, the interpretation of those ideas by the American Founding Fathers turned out to be distinctly different from that of the French revolutionaries. How did those different interpretations of the concepts of liberty and equality affect the outcomes and the legacies of both revolutions? Analyze, compare, and contrast. The American Revolution officiallyRead MoreThus, Great Britain, the first of the world countries endured industrial revolution, to the middle900 Words   |  4 Pages Thus, Great Britain, the first of the world countries endured industrial revolution, to the middle of 19 century turns into the most powerful power possessing the biggest colonial empire which allowed to provide own industry with necessary and cheapest raw materials, and also an extensive sales market of finished products.Orientation of the major branches of production, and in particular textile, on the colonial market will have an adverse effect subsequently on economic development of Great BritainRead MoreThe Causes And Effects Of Europe945 Words   |  4 Pageshistory will reveal a constant theme of revolutions and counterrevolutions across space and time that have shaped the very foundations of societies across the expanse of the continent. Furthermore, these revolutions occurred in many different spheres of daily life. For instance, some revolutions featured prolonged periods of violent political upheaval while others featured a more subtle revolution, changing the very social fabric of Europe. In addition, some revolutions centered on economic change while

Apartheid in South Africa - 1088 Words

Music played a pivotal part in boosting the morale of those who fought for freedom against white domination. Music is define as an art that allows an individual/ group express emotions and conveys a story through rhythm, melody and harmony. Music allows communication to happen, to forms an emotional bond between the musician and listener through vulnerability. Music serves the purpose of creating connections and unifying a group of people that share common ground. With that being said, the role of music during apartheid touches all four of those bases and furthermore. In this essay the topic â€Å"What was the role of music during apartheid?† will be explore the developmental process of Music in South Africa from internal and external influences, and what impact it specifically have on those who fought against apartheid. Apartheid in South Africa started in 1948 when the apartheid policy was passed as Reverend Doctor DF Malan of the National Party was president of South Africa at the time. However prior to the passing of the new policy, segregation between races had already made a presence. This caused the minority race group, white citizens, to obtain the majority power and advantages all due to skin colour. Black South African citizens were treated unfairly and inhumanly by the ruling government and were also used as cheap labor. The new legislation contained a â€Å"Group Area Act† further segregating races by dividing the suburbs up and allocating sections to specific races andShow MoreRelatedThe Apartheid Of South Africa1174 Words   |  5 PagesSome periods in human history are simply shameful. The period of apartheid policy in South Africa was one of these times. Apartheid featured a rebirth of racist legislature in South Africa from the 1950s to the 1990s. Essentially, these laws t reated people who were not white as completely separate from society; the term apartheid literally means â€Å"apartness.† The national legislature in South Africa wanted to suppress blacks and ensure a white supremacy in the government. Basically, politicalRead MoreSouth Africa Apartheid And Oppression1695 Words   |  7 Pages South Africa Apartheid (oppression) Oppression is at the root of many of the most serious, enduring conflicts in the world today. Racial and religious conflicts; conflicts between dictatorial governments and their citizens; the battle between the sexes; conflicts between management and labor; and conflicts between heterosexuals and homosexuals all stem, in whole or in part, to oppression. It’s similar to an article in south africa that people have with racial segregationRead MoreApartheid and The Future of South Africa in Cry, The Beloved Country1044 Words   |  5 Pagesall characters from Alan Paton’s book, Cry, The Beloved Country, are used to share Paton’s points of view on the future of South Africa and the apartheid. Paton uses these characters to represent specific views; Arthur expresses clearly that the apartheid isn’t the right way to progress as a country, Napoleon exemplifies how Paton thinks people should take the anti-apartheid effort, and Msimangu explicitly expresses Patonâ €™s ideas of an ideal leader. Arthur Jarvis was the son of James Jarvis, anRead MoreEssay on South Africa Under Apartheid: A Totalitarian State1356 Words   |  6 PagesDuring the Apartheid Era, there emerged from South Africa cases of gross human rights abuse, racism, police brutality and general mistreatment of the non-white population. Excluding the fact that South Africa was never ruled by a dictator, it can be argued that some of these features were totalitarian and that South Africa was, to a certain extent, a totalitarian state under Apartheid. This discussion will analyse the totalitarian features that were apparent during Apartheid, and will be structuredRead MoreTo What Extent Did The Collapse Of Apartheid South Africa ( 1991 ) Really Bring About Change For The Bantu Population1458 Words   |  6 PagesTo what extent did the collapse of Apartheid in South Africa (1991) really bring about change for the Bantu population? The collapse of Apartheid in South Africa (1991) brought only a small amount of change for the Bantu population. South still faces racism in society, due to the continual domination by the â€Å"white† population with race interaction limited to the false â€Å"rainbow† television campaigns and promotional Africa strategies. At the close of Apartheid, a number of false statements were usedRead MoreHow and why did the apartheid system come into existence in South Africa and how was its existence maintained and enforced for so long?1593 Words   |  7 PagesThe term apartheid was one of the most politically charged words in the second half of the 20th century, and still remains notorious today. Apartheid translated from Afrikaans means separateness or apartness. However when the National Party came to power in South Africa in 1948, it took on a much more sinister meaning and today is associated with racial and ethnic discrimination. The roots of apartheid stem deep into South African history. It started way back during European settlement, andRead MoreApartheid in South Africa1118 Words   |  5 PagesApartheid In South Africa APARTHEID Apartheid is the political policy of racial segregation. In Afrikaans, it means apartness, and it was pioneered in 1948 by the South African National Party when it came to power. Not only did apartheid separate whites from non-whites, it also segregated the Blacks (Africans) from the Coloureds (Indians, Asians). All things such as jobs, schools, railway stations, beaches, park benches, public toilets and even parliament. Apartheid alsoRead MoreThe Apartheid Of South Africa1159 Words   |  5 PagesDuring the year of 1948, the lives of south Africans changed forever. The National Party, which was an all-white government, gained power and created hell for non-white citizens, their goal was to have white people continue to dominate the country and to keep each race separated from each other; even though at the time whites were only 20% of the population. The apartheid, which literally means â€Å"apartness† lasted until 1991, and during this time many acts were passed. One being that â€Å"non-white AfricansRead MoreThe Apartheid Of South Africa Essay1742 Words   |  7 PagesNelson Mandela and protesters during South Africa s journey away from apartheid. It’s a curious ponder, in fact, that America’s and South Africa’s ascents from racial discrimination were possibly involved with each other. However, while the world may be convinced the nation is out of racist dep ths, evidence displays the rise from discrimination in South Africa is undeniably incomplete. There is a dangerous and unresolved influence of apartheid in South Africa today. After World War 2 was won byRead MoreThe Apartheid Of South Africa1333 Words   |  6 Pageshistory of South Africa all we could see is racial discrimination. Africa was all in control of Whites till 1994. South Africa got free from racial discrimination when Nelson Mandela took a step became the first black prime minister of South Africa. Contemporary South Africa is now economically strong and it is completely a racial free state. The contemporary South Africa is now in race with every state in every field. Before 1994 South Africa was completely under control of Apartheid. WHO IS APARTHEID

Poverty in America A Global Epidemic Free Essays

A Global Epidemic Ben Sims Sociology 445: Contemporary Social Problems Professor Shannon Sellers August 2, 2014 Of all the social problems that exist within America today, poverty Is undoubtedly the most prevalent . The stigma of poverty Is no longer solely the plight of third world countries, but rather an epidemic that has vigorously manifested itself in the united States at an alarming rate. Yes, in America, the country teeming with an abundance of natural resources and the patents to the most pioneering technological advances f modern time, Indisputably faces an unprecedented burden of poverty. We will write a custom essay sample on Poverty in America: A Global Epidemic or any similar topic only for you Order Now It is estimated that more than 46 million Americans live in poverty in the US (Tighten 157). American families are increasingly finding themselves struggling to make ends meet, and with the continuing rate of unemployment and the rapid increases to the cost of living more and more families are left to choose between the very basic necessities of life such as food, shelter and healthcare. Poverty has also had a profound impact on education and crime, predominantly in inner-city communities where the wealth inequality is most apparent. With all the carnage caused by poverty being distinctly obvious In America why Is nothing being done about It? Does anyone care? Sadly, the most egregious aspect of the epidemic of poverty in America is that it doesn’t have to exist at all. The US ultimately has the resources and means to eliminate poverty altogether, if only it was placed as a high enough priority. To truly comprehend the profound impact that poverty has had on America, there must first be an understanding of what poverty essentially means and how It was caused. Webster dictionary describes poverty as â€Å"the state of one who lacks a usual 1 OFF Dictionary). The textbook however, offers a more in-depth perspective on the term stating that poverty is â€Å"a standard of living below the minimum needed for the maintenance of adequate diet, health and shelter† (Tighten 181). This definition implies that the poverty threshold is based on those who can make the minimum amount of money required to maintain a decent level of life and those who cannot. Although these particular descriptions of poverty are not necessarily wrong, they are also not entirely accurate. When most people think of poverty the assumption may be that the core percentage of those actually living in poverty are the homeless or unemployed, but relative to popular belief most of the people living in poverty actually work. They are classified as the working poor. According to US Census data over 2. 6 million full-time workers lived below the poverty line in 2010 (Tighten 161). How is this possible? First and foremost, the federal minimum wage requirement in the United States is $7. 25. So for an employee who works 40 hours a week their total monthly salary would be $1 , 165. 0 before taxes. Now let’s analyze how much it would cost for an average American earning a minimum wage salary to pay for the 3 most Asia necessities in life: food, shelter and health care. The average percentage that Americans pay in housing costs is approximately 28 to 35 percent of their take home pay (Curmudgeon, 2010). 28 percent of $1,160. 00 is $324. 80. According too 2010 survey conducted by the US Bureau of Labor Statistics Americans spend roughly $1 51. 00 a week on food, equaling a whopping $604. 00 a month (Mended, 2012). If we add the average monthly cost of healthcare under Beam’s Affordable Care Act, which is $328. 00 (Persuade, 2014), the total monthly expenses for Just the basic necessities alone is a staggering $1 ,256. 0. The basic necessities alone total more than the average worker, earning minimum wage, in America makes in a month and that figure still doesn’t account for utility bills, transportation and other miscellaneous expenses. Not to mention the addition of a spouse or children. It is important to understand that poverty is a very complex social dilemma, with a variety of unfounded stereotypes that persist about its causes. One of the most common misconceptions about poverty is that the poor inherently cause their own poverty, alluding to the poor having a lack of drive and ambition necessary to change heir financial status. This perception is often referred to as the person-blame approach . This means that social problems such as poverty are the result of the pathologies of individuals (Tighten 163). Although this notion is credible, in this particular instance, it is slightly off kilter due to that fact that even though 2. Million people go to work and log over 40 hours a week they still won’t surpass the threshold of even half of the nation’s median salary. And therein lies the problem. The issue is not whether members of society are willing to work, because not only are a majority f the poor willing and able to work hard, they do so when given the opportunity. The real root of the problem is the minimum wage requirement in the US and the lack of access to adequate education and trainin g necessary to acquire better-paying Jobs. The system-blame approach is more fitting in this instance because there is no shortage of people willing to work but rather a shortage in the amount that is being paid out for said work. There is also no shortage in people willing to procure and utilize the sufficient training and education needed to attain better employment but underprivileged. Although the government has in fact tried to implement programs to solve the problem of poverty in America, many of these programs contained crucial flaws and in many cases made the predicament worse. Welfare is the most notable of these programs. Welfare was established to assist underprivileged families and individuals get out of poverty (Tighten 165), but have ultimately led to a disturbing rate of dependency. Instead of assisting families welfare had essentially enabled them in many ways, with a vast majority of recipients not feeling the need to work. Provisions thin the program even made it easier to stay on welfare than to seek employment and encouraged unmarried woman to have children. Thus, the enactment of the Welfare Reform Act of 1996. This bill was established to reduce the number of families and individuals dependent on government assistance. These institutional changes helped to reduce welfare dependency by mandating that recipients actively seek work while receiving government assistance, increasing the level of accountability for those in need of financial aid. The government also developed several other programs in an effort to curve poverty such as the Temporary Assistance to Needy Families program (TANK) which provides financial assistance to low-income families but also requires them to work at least 20 hours a week to receive benefits (Saddler, 2012). Addition services such as Medicaid, Food Stamps and WICK were all established to essentially assist low-income families achieve financial stability while progressively becoming independent of all government aid. Although these programs and institutional amendments have been extremely valuable in assisting the poor and underprivileged maintain a sustainable level of life, unfortunately they haven’t been enough to end or even cut the poverty level in Alfa. These programs have ultimately helped sustain the global threshold of poverty in many ways by serving to only assist low-income families get through financial difficulties instead of helping them get out. The only way for members of the underprivileged society to rise above poverty is to provide the means to earn more than the nation’s median income. This goes back to the need for programs that assist individuals in acquiring the knowledge and training necessary to acquire higher paying Jobs and also for the government to raise the minimum wage requirement. Perhaps the most compelling explanation for the persistence of poverty is the remarry of private profit. The basic principle of capitalism is – who gets what is determined solely by private profit rather than collective need (Tighten 173). By private corporations emphasizing the theory of maximizing profits they ultimately end up endorsing poverty. This is done by companies paying their workers the minimum amount possible including benefits and pocketing the wealth that was created by laborers and distributing it among the owners instead of the working class. Primacy of profit also endorses poverty by employing a bevy of uneducated and desperate laborers who are eager to work for low wages. Many of these laborers are illegal immigrants and don’t view having benefits as a necessity. This in turn makes it extremely profitable for owners of businesses and large corporations to hire these workers because of the amount of money that they will be able to save while still being able to employ laborers full time. Poverty is supported and maintained through my belief that the US government has made attempts to curve the impact of poverty, I believe that the United States has the power to end poverty all together. This can be accomplished by making poverty a top priority. The United States spends roughly 712. Billion dollars of our nation’s defense each year (Tighten 177). A percentage of that figure can be deducted and contributed to combat poverty without Jeopardizing our nations’ defense at all. This extra money could be used to provide adequate schooling and fund programs that promote academic advancement in inner-city communities. Those funds could also be used to provide training seminars for individuals with limited education who seek higher paying Jobs and wish to be more competitive candidates in today’s Job market. Most importantly however, those funds could be used to raise the federal minimum wage requirement to a level that allows ore people to earn above or at least earn wages comparable to the nation’s median salary. How to cite Poverty in America: A Global Epidemic, Papers

Importance of Supply and Demand

Question: Discuss about the Importance of Supply and Demand. Answer: Introduction Supply and Demand are two of the most important feature of any market. Demand is simply the amount the people are interested or willing to buy at the price prevailing in the market. In other words, demand is determined by the buyers and the way that all the buyers respond to changes. Supply is the number of units that buyers are willing to supply at the prevailing price. Changes in supply is determined by the way the quantity produced will differ in the face of changes in price. Market equilibrium occurs at the point where the quantity demanded in the market is equal to the quantity supplied in the market. Any changes in price driven endogenously (with the framework of supply and demand) or exogenously (outside the framework of supply and demand) will have an impact on either the quantity demanded or the quantity supplied. However, this concept can be most conveniently explained with the help of an example. Hence, for the purpose of this paper, the commodity that has been chosen in o rder to show the changes in demand and supply will have an effect on its price is coffee (Varangis, 2014). Before getting to the supply and demand it would be interesting to define the good. Coffee is consumed by virtually everyone in society and, therefore, to that extent it is a necessity. It is important to bear in mind that the utility that is served by coffee can also be served by tea, green tea, or other forms of tea. Hence, both tea and coffee are perfect substitutes. Along with this there are a number of other factors which influences the supply and demand for coffee which will be covered in the next section. It is essential to keep in mind that the supply and demand are influenced by a number of factors. All those factors are influential in determining the supply and demand. The market equilibrium responds to all the changes in the market for coffee. Hence, change in other factors also lead to shift in market equilibrium which will lead to a shift in either demand or supply or both. Hence, the achieving a state of market equilibrium is a dynamic process which depends on a range of factors which will be analyzed in the next section (Tian, 2013). Analysis of Supply and Demand A Case Study of Coffee As mentioned, the initial assumption made regarding the nature of good is that it is a necessity. Hence, the simple and basic rules of demand will apply here which is that a rise in demand will be triggered by a fall in price. Similarly, a rise in price will lead to a fall in demand. The effect on the supply curve for a rise in price will be opposite to that of the demand. A rise in price will entice producers to produce more and will lead to a rise in quantity supplied. Therefore, the traditional rules for supply and demand are applicable here, as can be noted from the explanation (Thomas and Maurice, 2008). For the analysis to follow it is important to make the distinction between increase in quantity demanded and increase in demand. Increase in demand will mean the complete shift of the demand curve either to the left or the right. On the other hand, quantity demanded means the quantity demanded and supplied has changed due to change in the prices. However, there are other external factors which also play a role in fixing the market equilibrium. Analyzing all the factors will be an important part of the exercise that will undertake in order to understand the dynamics of the market equilibrium (Pearson, 2010). There are a number of factors which does play a role in determining the both the level of quantity demanded as well as quantity supplied at the level. More insightful understanding of the dynamics can only come with knowing the factors that influences either the demand or the supply (Mankiw, 2009). In the coming paragraphs we will first briefly analyze the way in which the market functions. In other words, the diagrammatic presentation along with relevant explanations will be presented in ways in which the changes in supply and demand has on the equilibrium. For instance, how the change in supply and demand does influences the market. The way in which the price and quantity will react will be an important function of the exercise to follow and it will help us to know the dynamics of the changes. After that, we will look at some of the factors which plays a crucial in impacting the supply and demand. The reasons that either demand or supply responds to those factors will also be explained. It is essential to highlight that demand and supply are constantly based on these factors and it is these factors which influences the way in equilibrium changes from one position to the next. The change in the equilibrium from one position to the next is driven by changes demand curve or supp ly or both the curves (Birchall, 2016). We will first explain the basic mechanics of the supply and demand. The price that prevails at the intersection of the two curves will be an important part of this discussion. The diagram given below shows the equilibrium price and quantity that prevails in the coffee market. At a price of 5 dollars the quantity demanded and quantity supplied is equal to 10. Therefore, the market equilibrium is given by the point E. This point is the point where the quantity supplied is equal to quantity supplied. In simple terms, when the producers are willing to supply a quantity of 10 whereas the consumers are willing to buy 10 units of the coffee the price that will prevail in the market is 5. This is the standard supply and demand situation that prevails in the market for any good (Gordon, 2005). If the market moves out of equilibrium then it would throw up scenarios where shortage or surplus would exist. For example, we will assume that, due to some reason, the price of the coffee has fallen to 3 dollars. The fall in the price of coffee could take place due to many reasons. It could, for example, take place because of fall in the price of tea. However, it will be interesting to analyze the fall in the price of the coffee market has on the quantity supplied and quantity demanded (Gravelle, 2007). We can see that the fall in price of the coffee has drastic implications for situation of supply and demand. At this lower price, the quantity demanded will be 12. The inverse relationship means that a fall in price has increased the quantity demanded. Whereas the quantity that will be supplied at this price will be 8. Therefore, the market is in disequilibrium. Simply stated, the market is out of the equilibrium. In this case, due to the fact the quantity demanded is greater than quantity supplied therefore, it means that the situation of shortage prevails (Confrey, 2012). The quantity supplied at a price of 3 dollars is not able to fulfil the amount that is being demanded in the market. The total shortage in absolute that prevails in the market is 4. Hence, to make up for this shortage, either of the two things have to happen. The first is that either the supply has to increase. Second, the demand has to decrease. The reasonable outcome, under this situation, will be a fall in dema nd. It is unlikely that the supply will go up at this lower unless some sort of government support is provided by the government. Therefore, this is a situation of the shortage. The alternative situation will be a situation when surplus would prevail in the market. The figure for that has been given below after which the explanation will be gives for the same (Reynolds, 2005). The above figure shows a situation which is completely opposite to the one which prevailed in the last section. In this figure, it can be easily noticed that at a price of 10 dollars the quantity that is demanded is 8 whereas the quantity that is supplied is 12. Hence, at this price, the quantity supplied is more than the quantity demanded. This is precisely why there is a situation of surplus in the market (Plank, 2009). At this stage it is essential to point out that in the market of coffee that we have analyzed applied to all the market. Whether a situation of surplus or shortage prevails the market itself will be in a position to come back to come back to equilibrium. In other words, the market has the capacity to be self-correcting, that is, it has all the ability to be able to correct all the misbalance that prevails in the market in terms of supply and demand. At this stage, it is interesting to look at the factors that leads to changes in the price for coffee. The price that prevails in the market is also as a result of equilibrium that prevails in other and the nature of the good. The substitute of coffee is tea. Therefore, if the price of tea falls then it is likely for consumers that consume to shift some of their consumption from coffee to tea. This is nature because the lower price of tea will entice consumers of coffee to shift their consumption. Essentially, this is because both the goo ds seem to satisfy the same type of utility. As a result, there is no problem for the consumers to switch their consumption from one good to the other (Townsend, 1995). The other factor that could also influence the market for coffee is the price of the sugar. Sugar is an important ingredient in the preparation of coffee. It essentially the consumption of coffee as sugar is done together and not in isolation. Therefore, it has to be said that changes in the price of sugar will have an impact on the consumption of coffee (Davis, 2015). For instance, an increase in the price of coffee makes the consumption costly. Hence, an increase in the price of coffee will lead to a decrease in consumption of coffee. Therefore, change in the price of sugar also has an impact on the consumption of coffee. In the same way, the decrease in price of sugar will lead to an increase in the consumption of coffee (Wesley, 2009). The other factors that will influence the market of the coffee production and consumption is the change in the taste and preference of the consumer. For instance, if a medical effects of coffee are discovered then the people will like to increase their consumption for coffee over other forms of eatables (Roberts, 2005). The preference of coffee will go up among the consumer which means more people will consumer coffee. Over a period of time, the demand for the coffee will increase as people will increase their consumption. The effect of the increased demand will be on the demand curve which will shift to the right. In other words, it means that people are willing to consumer increased quantity of coffee at the same price. Therefore, the shift in demand will have an effect on the equilibrium. The change in the equilibrium have been shown in the diagram below (Wexler, 2012). It is clearly visible from the diagram that the increased demand for coffee will lead not only to an increase in quantity consumed but also to increase in price. Therefore, both the price and quantity supplied and quantity consumed has gone. In this case, for the price to come back to its original equilibrium it is essential for the firms to increase the supply. The supply has to increase by the same amount as the increase in demand for the price to come back at the same equilibrium. Hence, as can be seen, the interplay of supply and demand are driven by different factors which determine the price. The other factor that also plays a role is the income of the consumer. It is important to understand that the demand of the consumer comes from the income as well. If the income of the consumer goes up then the demand will also be impacted. Hence, if the income or the expected income is scheduled to go up then the consumer will increase its spending in the market. The increased spending wi ll also mean that buying additional coffee in the market. This will lead to a shift in the demand curve for money to the right. Hence, the increase in income will lead to a shift in demand curve to the right which will also have an impact on the price and the quantity consumer or supplied. The increase in income will lead to demand curve shifting to the right. The resultant increase of this shift will be an increase in both quantity demanded and quantity supplied. Hence, as quantity demanded will increase will mean that people are willing to buy additional units of coffee. However, the increased demand does not mean that the supply also has increased. Therefore, the effect of it will be an increase in prices (Burkey, 2008). Conclusion We have clearly seen that the demand and supply can be influenced by a number of factors. Hence, the determination of the market equilibrium takes place due to a range of factors all of which are very important from the point of view of ascertaining the equilibrium in the market. It is essential to also know that the market equilibrium is not a static concept but changes all the times as per the changes in the other real factors affecting both the consumer and the suppliers. Therefore, the market equilibrium also evolves over a period of time to come to settle at a point. There are a number of factors that are very important and also influences the market and therefore their understanding is of utmost importance (Turvey, 2007). Hence, it is very well understand that the supply and demand are related concepts and operate jointly in the market to determine the price. Further, the market has all the features to be able to correct any disequilibrium that prevails. Any disequilibirium tha t prevails in terms of excess supply and excess demand can be exploited by the economic agent swiftly to be able to come back at the equilibrium. Lastly, the concept of supply of demand is one of the most important is microeconomics. An intimate knowledge of how each of the two operates is the basic building block to a more complex models in the microeconomics. The concepts of supply and demand are, to a very large extent, also used in macroeconomics. Hence, to this extent, it is essential to know that understanding how each one of them is really important if one wants to have a thorough understanding how some of other rather important concepts in the field evolve (Bhat and Rau, 2008). References Bhat, M., and Rau, A. (2008). Managerial Analysis and Financial Analysis. Hyderabad, India. BS Publications. Birchall, O. (2016). Introduction to Economics. University of London. Retrieved from https://www.londoninternational.ac.uk/sites/default/files/programme_resources/lse/lse_pdf/subject_guides/ec1002_ch1-4.pdf Burkey, M. (2008). A Brief Introduction to Marginal Analysis for the Micro-Economics Principles Course. Journal of Economics and Finance Education, 7(2), 1-3. Confrey, D. (2012). Supply and Demand. 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