Explain economic principles and their applications in the real world

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.
Industry Selection and Background Resources
Use this resource to select an industry:
NAICS (North American Industry Classification System)

ECO100 Assignment 1 Economic Brief

…………………………..Answer preview………………………………..

The industry that I have selected is retail trade. Specifically, I will dwell on the retail stores. The stores have separate departments for different groups of items, for instance, cosmetics, toys, and clothes. Also, the stores sell perishable goods such as foods, fruits, and vegetables. In the manner they operate……………………………..

APA

631 words

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