Theoretical

Supply is the quantity of goods and services that producers offer at various possible prices during a given time period. Profit is the key motivation behind suppliers' behavior in providing goods to the marketplace. The supply of goods can be either elastic or inelastic. VIDEO OBJECTIVES - Explain the difference between supply and quantity supplied - Explain what the law of supply states - Explain what supply schedules and supply curves illustrate - Describe supply elasticity

Hegemony is an indirect form of government, and of imperial dominance in which the hegemon rules geopolitically subordinate states by the implied means of power, the threat of force, rather than by direct military force. In Ancient Greece hegemony denoted the politico–military dominance of a city-state over other city-states. Limited War, Civil War and Guerilla War are also discussed in this type of warfare.

The determinants of supply are the factors other than price can affect supply of a product over time, shifting the supply curve to the left or right. VIDEO OBJECTIVES - Explain what it means for a product's supply to shift - Identify factors that might cause a product's supply curve to shift - Describe the difference between a tax and a subsidy

An ethnic conflict is an armed conflict between ethnic groups. It contrasts with civil war on one hand and regular warfare on the other, where two or more sovereign states are in conflict. Conflict economics is a branch of economics that puts the allocation of resources by means of violent fighting into economic models.