Economic Concept and Models: Understanding Demand, Supply, and Profitability

Economic Concept
and Models

Table of contents
• Introduction
• Trampoline's profit Issues
• Concept of microeconomics
• Law of Demand
• Factors affecting demand
• Elasticity in demand
• Supply
• Law of Supply
• Factors affecting supply
• Change in supply curve
• Conclusion
• References

Introduction
Whole collection of the set of the every component that are
outside of the commercial business as well as also affecting
the whole operations of the firm is known as business
environment. Consumers, government, suppliers, cultural,
legal as well as technological features. Such circumstances
comes in the research of the economics.

Trampoline's profit Issues
With respect to the view point of the news of BBC, the
cost of the shipping is also tend to be highly
increasing and also because of this the entire set of the
expense of the trampoline is drastically enhancing. So
it is actually being understood by some of the retailers
of the game who is tend to be seemed to be the owner
of the outdoor set of the toy company.