Analysis paper on The Car industry
Analysis paper on The Car industry
write an analysis paper on the car industry.Explore the impact of the recent economic recession on the industry and apply microeconomics concepts;PLease no plagirism and use sourse with correct citations.
helpful concepts for microeconomics:
Economics- the production and distribution and consumption of goods and services and their management
Scarcity- limited quantities of resources to meet unlimited wants
Market Economy- economic system in which decisions on production and consumption of goods and services are based on voluntary exchange in markets
Opportunity Cost- whatever must be given up to obtain some item
Entrepreneurship- the process of starting, organizing, managing, and assuming the responsibility for a business
Capital- wealth in the form of money or property owned by a person or business and human resources of economic value
Financial Capital- money used to buy the tools and equipment used in production.
Revenue- the entire amount of income before any deductions are made
Profit- the amount of money left over after expenses are taken out
Incentives- advantages that help businesses, such as lower taxes, cheaper land, and employee training programs.
Supply and Demand- an economic concept that states that the price of a good rises and falls depending on how many people want it (demand) and depending on how much of the good is available (supply)
Price-value measured by what must be given or done or undergone to obtain something
Budget- a sum of money allocated for a particular purpose
Barter- exchange goods without involving money
Stock Market-A general term used to describe all transactions involving the buying and selling of stock shares issued by a company.
Investment- money that is invested with an expectation of profit
Growth- a business with excel’s with increased revenue, profit, and expansion
Capital Gains-The difference between a higher selling price and lower purchase price, resulting in financial gain for seller
Taxes-fees for the support of government required to be paid by people and businesses
Diversification- the act of introducing variety (especially in investments or in the variety of goods and services offered)
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