Contemporary Business Economics

Contemporary Business Economics

Executive Summary
Today, with change in economic theories from traditional to modern, thinking and way of
operating business has also changed. Now, before making any new policy and moving business
at another level, companies concern on applying number of theories like demand and supply law.
This would help in increasing opportunity to gain high profitability with manner, to operate
business successfully at global level.

Table of Contents
Executive Summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
1.1 Description of Demand Law, movement along its curve and changes with respect to
different factors in retail sector....................................................................................................1
1.2 Description of Supply Law, movement along its curve and changes with respect to
different factors in retail sector....................................................................................................6
TASK 2..........................................................................................................................................10
Emerging theories and models in 21st and 20th century of contemporary economics related with
modern business practices.........................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................13