Economy assignment

You would like to open a new business. You need to examine its profitability.

Check the attachments clearly 

Don't use plagiarized sources. Get Your Custom Essay on
Economy assignment
Just from $13/Page
Order Essay

Project Deliverable1 (15%)

IDEA: You would like to open a new business. You need to examine its profitability.

In the first deliverable students should select business in which they would be willing to invest in.

Students know, that demand and supply are the primary factors governing any market. Hence, it is relevant to look into the demand-supply scenario.

Semester: Spring 2022/2023 – Course Code/Section: Econ251 – Date:

The below points should be covered by narrative :
Provide basic information about the selected country (CIA worldfact book):

– Geography: location (region), list of neighboring countries, etc
– Demography: analyze demographic characteristics of the country, population, age and gender structure.
Economy: is country classified as developed / economy in transition / developing economy. Is it classified as low-income / middle income / high-income economy, and provide supporting data.
Organization: institutional organization of the country (existence of antitrust law, consumer protection law, etc.)


2. Provide specific information about the industry you would like to invest in:
– Market size, potential clients of the industry, number of companies (competitors). Provide basic information about companies in each selected industry.
– Are there any related industries that would affect your business. Discuss the factors that affect demand and supply of selected business.

3. Provide specific information about the company you would like to create (students should cover the below points by narrative where they will use terms and concepts from the classes):
– What kind of products/services company is producing.
– How do they differentiate it,
– Does company produce durable or non-durable, perishable or non-perishable, normal or inferior, necessity or luxury goods)

– Discuss what is the price elasticity of demand for different products that company is producing, is it elastic or inelastic, why?
– Who are the main competitors (number and names of companies producing the same/similar products,)
– Are there any threats to the company? Analyze different scenarios, what would happen if income in the county goes up/down, what would happen in prices of substitute/complement goods go up/down.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Live Chat+1 763 309 4299EmailWhatsApp

Order your essay today and save 15% with the discount code ESSAYHELP