Economics Report: Trampoline Market Analysis and Profitability

This report provides an economic analysis of the trampoline market, focusing on microeconomic principles. It begins with an introduction to the abundance of resources and their role in producing goods and services to meet market demands. The report then examines profit issues in the trampoline industry, citing rising transportation costs as a key factor. Key microeconomic concepts such as demand, elasticity of demand, supply, and elasticity of supply are explored, with factors influencing each element being discussed. The report highlights the relationship between price and quantity demanded, and the impact of consumer income, related goods' prices, and consumer preferences on demand. It also emphasizes the positive relationship between price and supply. The conclusion emphasizes the importance of understanding economic attributes for strategic business development, particularly within the trampoline market, where demand and supply dynamics are crucial. The report concludes with a list of relevant references.

Concepts and Models of
Economy

Content of table
 Introduction
 Trampoline profit issues along with impact
 Microeconomics
 Demand
 Elasticity of demand
 Supply
 Elasticity of supply
 Conclusion
 References

Introduction
Abundance of resources is the economical
examination which are used to produce goods as
well as facilities. So, that they can fulfil the
demands or needs of the respective target market.
This analysis basically evaluates the market supply
and demand flow simultaneously.

Trampoline's profit Issues
The artefact of BBC News stated that the turning
prices of trampoline is being taken place. It is
occur due to the rising transportation cost of the
trampoline all over the globe. This is came to
known from the game vender who is going to
work in their business in the marketplace. In
circumstances of the open-air games, the owner of
the company is James Owen who is leading the
operation in toy vending industry.

microeconomics
The microeconomic is the study which
examine that what is to be expected. As an
individual make a choice in consideration to
the certain change such as price, resources,
method of production or many other things.
The individual in the microeconomic groups
includes retailer, buyer and the business
owners (Grenestam, 2019).

Demand
Demand is refer as a selection or choice of an
individual. In which the individual can purchase
the particular things or products, services. They
have the effective buying power in order to
purchase the particular goods or services.

Factors affecting demand
The Demand law stated that there is the secondary relationship in the price and the
quantity of commodities in the target market. There are the certain trends or aspects
which are related in the market (Kirman, 2018).
 There are many types of factors which is influencing the particular demand of
trampoline's. Some are discussed below:
 Given goods price
 Consumer's Income
 Goods related to price
 Customer taste and preferences

Elasticity of demand
It is also refered as change in demands of goods
which lean towards to increase in the market. It
is occur due to change in the various
characteristics such as source of income of
consumer, prices of a goods, choices of the
buyer as well as the future expectation of the
consumer. When there is an impact of such
aspects on the goods then there is chances to fall
or rise the demand of such goods in the target
marketplace.

Supply
The Supply Law is derived from the large
marketplace. Which supply is having the
optimistic relation in the given prices of goods in
the respective marketplace. It is the main cause
to change the supply of goods in the respective
marketplace. In regarding the other factors there
is no such changes as increase in the prices of
goods tends to increase the all supply of goods in
the respective marketplace.

Factors affecting supply
Following are the factors which affects supply of
the specific good :
 Cost of Production
 Technology

Elasticity of supply
It is also referred as the supply of a elasticity as
it is directly have link with the respected changes
in the price of services. In context with the
trampoline, the large market needs improvement
in its supply chain.

Conclusion
The overall report concludes that the economical attributes are essential to understand
for planning any strategically development of the business organisation. in context to
the Trampoline the business depends upon demand and supply. Their are several
microeconomics factor which influences the growth of organisation as well as its
development.

References
 Adji, S.S., Ahn, Y.S., Holsey, C.M. and Willett, T.D., 2018. Political capacity,
macroeconomic factors, and capital flows. In Political capacity and economic
behavior (pp. 127-146). Routledge.
 Adkins, L., Cooper, M. and Konings, M., 2020. The asset economy. John Wiley &
Sons.
 Dewi, V.I., Tan Lian Soei, C. and Surjoko, F.O., 2019. The Impact of
Macroeconomic Factors on Firms Profitability (Evidence From Fast Moving
Consumer Good Firms Listed on Indonesian Stock Exchange).

Thank You