Task:
For this assessment, you will be required to complete a report which requires extensive research, answers to include as much information as possible, including reference to data, facts, graphs or other relevant information. In addition to the report question below, you should aim to incorporate your understanding of economic concepts and theories introduced in the first 6 weeks of the course and their application to world or practical situations.
Research Tasks:
1. Research prices for a product that interests you in a country of your choice.
2. Consider various theoretical concepts presented in chapters 1-9 and how they are applied including the impact of government/industry intervention (or lack of) has impacted on the demand/supply for that product; the prices for that product, and the evident market structure that the product is sold in.
3. Discuss some advantages & disadvantages of government intervention with reference to your chosen product; and what type of product you have chosen.
Report question to respond to:
4. Based on your discussion, provide an opinion as to whether intervention should continue or not continue in the price discovery of your chosen product.
The post Discuss some advantages and disadvantages of government intervention with reference to your chosen product; appeared first on Homeworkaider.
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