Question Description
This assignment is aligned to these course outcomes:
• Explain economic principles and their applications in the real world.
• Summarize the different types of market structures and the role of government in economics. In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.
Develop an economic brief that is two to three (2-3) pages long in which you:
- Select an industry and describe the goods and/or services this industry produces, Pick an industry from the NAICS list
- Identify this industry’s market structure and at least two or more market characteristics that support this market structure.
- Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry Include a graph, chart, or table containing related data.
- Use Template that is provided.
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