Impact of Brexit on Trampoline Industry: An Analysis of Microeconomic Concepts

Business Environment

INTRODUCTION
 As due to the increasing pricing of trampolines which had sored 50% on the
shipping costs has impacted the economy of the country and this has impacted
Brexit as this has termed a long term consequence in the shipping industry and
has raised the shipping cost of the transportation as due to restriction of the
trade-in Eu countries has impacted on the pricing and transportation of the
products and this has made a huge difference in before and after pricing
methods. This presentation is about various microeconomic concepts and various
theories. The analysation of these points is described below.

Microeconomics and its uses
 Microeconomics is known as the social science and this is known as the studies which
implement all the decisions and incentives which affects the distribution and utilization of the
available resources this also shows the different value of similar product in the market and it
also implements show the business and the individual sounds various benefits from exchanging
and producing of the products for cooperating and coordinating with others(Lin 2020). This is
a way by which an individual responds to the external changes in the pricing, incentive,
production of method and various resources. In this everything is grouped as a subgroup which
involves business owners, buyers and sellers and these subgroups also create demand and
supply of various resources by using the interest rates and money for maintaining the
coordination of pricing. As this is applied by each country as this describes and explains the
economic behaviours as this is considered important to analyse in the market for better
sustainability.