Microeconomics and Market Structure: An Article Review

BMP4003 Business Environment
Assessment 1 - Individual Presentation

Article Review - Economic Concepts And
Models
Name:
ID:

Contents
• Introduction
• Microeconomics
• Rise in the Price of Trampoline
• Factors of Microeconomics
• Demand
• Supply
• Market Structure
• Conclusion

INTRODUCTION
• The term Economics is used by government, businesses, and nations
to allocate the limited resources in an efficient and effective manner
between unlimited needs and wants of the population.
• It helps in analysing the past, present models and determining the
future models. It is mainly deals with the production, distribution and
consumption of commodities and services.
• It is broadly classified into two categories for assuming individual's
behaviours towards each incentive and economy as a whole.