Economic Brief

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.
Review your previous chapter readings and use the resource above to 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. Use the NAICS resource
above to help you select an industry (and/or subsector) for your brief.
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. (Microeconomic relationships and market outcomes)
How might government impact this industry’s market prices, output, and/or market structure? (Government
intervention through price controls, industry regulations, and antitrust enforcement)

Sample Solution

The Economic System of Slavery: As Told in A Respectable Trade and Amistad

Monetary arrangement of bondage: The financial framework where subjugation is portrayed inside good exchange and presence is a complete framework that influences the soul surprisingly engaged with the framework. The type of individuals in servitude society is not quite the same as those of individuals influenced by other monetary frameworks. Since this framework groups individuals as property and fundamentally abuses all parts of human instinct. We are perceiving how bondage structures people. Indeed, even the whole society of Amistad and A Respectable Trade.

Norma Rae and regarded exchange this article, we think about private enterprise and subjugation with regards to the film, Norma Rae and A Respectable Trade. In the film Norma Rae, laborers at material production lines attempted to join with displeased representatives Norma Rae. – Introduction The foundation of worker’s organizations is a path for supervisors to tune in to the requirements and disappointment of laborers. As indicated by Fossum (2012), “development of worker’s guilds makes aggregate comments that influence changes in labor” (p. 7). Worker’s organization laborers’ voice is a lot more grounded than any representative’s voice. It can cause to notice misuse and work misuse

II. English servitude in the UK was created from the monetary, segment and geological attributes of the New World area overwhelmed by Britain. (Work framework, for example, servitude, contract oppression, free work, sharecroppers from the pilgrim time frame to the furthest limit of the eighteenth century). In contrast to states in Spain, France and the Netherlands, they acknowledge marriage with indigenous people groups and acknowledge connections between ethnic gatherings (on account of Spain, with Africans in subjugation), British settlements for the most part wed indigenous individuals and Africans We won’t pull in. Male and female, prompting severe race level of advancement

In the Dutch North American provinces of 1619, the slave arrangement of indigenous people groups in Africa didn’t turn into a significant work power for the southern planting framework until the eighteenth century. Because of monetary factors, for example, ranch advancement, the utilization of slaves turned out to be more vital and productive and affected the idea of subjugation. Likewise, social variables, including political and strict perspectives, majorly affect the development of provincial bondage. In the southern settlements, advantage from ripeness

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