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Microeconomic Concepts and Model for Outdoor Toy Company

   

Added on  2023-06-08

14 Pages556 Words367 Views
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Economic Concepts and
Model
Microeconomic Concepts and Model for Outdoor Toy Company_1

Table of content
Introduction
Business situation using microeconomic concepts
Concept of microeconomics
Microeconomic Theory
Demand
Supply
Conclusion
Reference
Microeconomic Concepts and Model for Outdoor Toy Company_2

INTRODUCTION
This report discusses about the company whose
name is Outdoor Toy which is engaged in
production of large toys such as swings,
trampolines and climbing.
The owner of this company is James Owen. The
transportation costs have increased so that the
prices of such toys such as swings, trampolines
and climbing frames will be increased.
Microeconomic Concepts and Model for Outdoor Toy Company_3

Business situation using microeconomic concepts
Economics is the study of process by which the
available resource is allocated in an efficiently
manner, the need of unlimited wants can be
satisfying. The Economics has divided into two
parts-
Micro economics
Macro economics
Microeconomic Concepts and Model for Outdoor Toy Company_4

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