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Economic Concepts And Models - Article Review

   

Added on  2023-06-09

16 Pages917 Words320 Views
BMP4003 Business Environment
Assessment 1 - Individual Presentation

Article Review - Economic Concepts And
Models
Name:
ID:

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
Trampoline was invented by George Nissen of Cedar
Rapids, Iowa, in 1930 during attending a circus.
George was 16-year-old when an idea started to form
in mind of young gymnast. Firstly, it was called
“tumbling device” after 75 years George granted
patent trademark for ‘Trampoline”.

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