Business Economics: UK Retail Sector Demand and Supply Analysis

This report provides an analysis of the UK retail sector, focusing on the factors that influence demand and supply curves. It examines how various elements, including consumer preferences, income levels, demographic shifts, and government policies, impact the retail market. The report delves into the causes of shifts in demand and supply, such as seasonal changes, economic conditions, and the impact of events like the British agreement and the coronavirus pandemic. Furthermore, it explores the strategies implemented by the UK government to manage economic challenges, including poverty programs, price controls, fiscal policies, and taxation measures. The analysis highlights the importance of understanding these dynamics for businesses operating within the UK retail sector and for the government's economic management.

Economics for business

EXECUTIVE SUMMERY
Business economics is considered as the branch of economic which define all the
theoretical law rules and regulation and theories useful in practical business life. To understand
this concept retail sector of UK has been taken. As most of revenue has been earn by UK
government by using or selling or trading retail business sector .
Theses sector useful in bringing essential factors together and with the use of formatting
affective business strategies government able to deal in effect or efficient manner. This report
has been define the use or factor which directly impact on elements which affect demand and
supply curve. Or Season and cause which become the reason of shifting of theses demand and
supply curve. It also include those essential factors or elements which help in cover up the
problem regarding changes of shift of demand and supply cover of UK.

Contents
EXECUTIVE SUMMERY..............................................................................................................2
INTRODUCTION...........................................................................................................................5
TASK 1............................................................................................................................................5
Causes of shifting of demand and supply curve in retail sector in UK........................................5
TASK 2............................................................................................................................................9
Programme start up by government of UK..................................................................................9
CONCLUSION..............................................................................................................................11
REFRENCES.................................................................................................................................13

INTRODUCTION
Business economics is the field of study regarding each and every element of
organization's on every factors. Related with business organization. This report has been
formulated to define factor or elements which become the reason of changing demand and
supply curve as well as policies and strategies use by government though which three can easily
cover up or deal with theses policies.
TASK 1
Causes of shifting of demand and supply curve in retail sector in UK.
Economic is the field of defining and identifying sources of leaving the sources are useful
in providing medium of exchange and living human. UK is designers one of the most developed
country most of organisational also composition within the market day define effective busy
strategies through which the able to maintain deposition with in the market.
Many business organisation century another retail this is corporation play essential oil in
market economy of UK direct me impact on demand and supply of this country.
Demand and supply both essential elements of economics essential for customers demand and
impact directly on earning capacity of organisation (Ulijaszek, and McLennan, 2016). Uk
government need to use variou or diffren types of stratgies and impment variou program to
manange their demand and suppply curve. Obesity Reviews, 17(5), pp.397-411.
With use of essential demand factors retail sector of UK has been maintained their strong
position in the market it is really essential to use understand demand and supply effect of
business organisation on specific sector retail sector is related with sealing distributing of retail
goods which include groceries cosmetics as well as food items most of retail sector is related
with the work of Supermarket facilities there are various type of factors which influence demand
and supply curve following are the factors which are the reason of shifting of demand curve.
Demand: This term is define as ability of customers to pay for those products they are
willing to buy for. There are various factors which directly affect to the shift of demand
curve .These includes effect of price, income, substitute goods etc.
Shift to left:UK local demand factor this factor includes perception of customers their
preferences policies formulated by government and availability of raw materials. Perception of

suppliers creditors except from when customers need retail goods and services for essential basis
the demand curve has been shifted it from right to left on the other side most of demand curve
related with cosmetic products, vegetables and caused the market has been increased from a shift
from right to left.
Whenever season has been changed according to the season preferences of customers has
been changed in the season of winter they are not using cold items or purchase any cold ice
cream as it is irrelevant for them. On the other side demand of ice cream cold items wheat has
been increased in the month of season of summers at that time demand of cold item has been
increased.
On the other said hot items like hot coffee groceries product has been declined this affect
local factor directly impact on demand as well as supply curve because it is really hard for
suppliers to fulfill demand does this also shifted left to right on customer preference has been
changed on the basis of the customers demand supply has been increased if they are not
demanding print a product at summer then the supply curve also as we shifted their position from
Once place to another place.
Impact of demographic factor: With the changes of time demographic factors as well
as cultural influence directly impact on demand and supply curve of retail sector as it is directly
influenced by Korean and Russian culture. The demand of these product has been increased from
day to day but on the other side demand of Chinese and Japanese American has been declined

thus demand curve of Russian item help in shifted from left to right side as well as on the other
hand other curves of supply has been shifted from left to right these are that directly influence
customer preferences as well as higher population rate focus on providing essential items thus
demand of higher rate of cosmetic products has been declined on the other side it is really hard to
maintain supply position of organisation especially when population get higher it is difficult to
fulfil needs supply curve has been shifted due to non fulfilment of supply of customer.
Demand curve of UK sector: Another factor which affect demand and supply curve is
income factor till 2019 income of personal of UK has been increases and Parsec unit capital has
also been increased the but after the terms British agreement as well as effect of corona virus
most of people lose their job with directly impact on adversely on effect of supply and demand
curve (Huuki, Karhinen, Kopsakangas-Savolainen, and Svento, 2020).
Capacity of parties is directly impact on organisations and countries demand and supply
curve especially retail sector demand of product has been increased. When it increased the curve
from left to right as well as when customer same cause it also increase or change Shift of the
supply curve as with the effect of demand higher rate of demand supply also increases it also
change. Purchase capacity is directly impact on demand and supply curve with after the
coronavirus demand of retail has been increased in related with some factors but in case of food
and beverage service provider has been declined.
Demand for cosmetic product has been declined the only demand and supply as an
increase of retail grocery products due to long time period it is really hard for organisations to

provide material regarding manufacturing of retail products it directly impact on supply and
demand.
Supply: This is define as the ability of producer to produce goods for the specific time
period. It includes, financial resource, service or products which producer able or willing to
proved or offer in the market place.
Supply curve related with UK food sector: Capacity of parties is impact on
organisations for and countries demand and supply curve especially retail sector. Demand of
product has been increased and supply curve. On the basis of analysing situation from past few
years for strategies is taken maintain of demand and supply curve as it is a decision. Business
organisation to work according to these factors and the changes of economical political situation
it is really hard to maintain the demand & supply curve from left to right as well as when
customer demand increase or change Shift of the supply curve as with the effect of demand
higher rate of demand supply also increases it also change.
It come size purchase capacity is directly impact on demand and supply curve with after the
corona virus demand of retail has been increased in related with some factors but in case of food
and beverage service provider has been declined demand for cosmetic product has been declined
the only demand and supply as an increase of retail grocery products due to long time period it is

really hard for organisations to provide material regarding manufacturing of retail products it
directly impact on supply and demand.
Availability of substitute also impact on demand and supply curve. As demand of retail
product is getting low which substitutes is easily availed within the market. On the other side
o
TASK 2
Programme start up by government of UK.
Corona virus directly impact on the overall function of UK's economy . They are already
face issue due to the impact of Brixit contract. This pandemic directly affect the overall

economic structure of UK. Thus government of UK in order to control loss of the pandemic
implement various strategies to manage the loss. (Bigerna, and Bollino, 2016).
Poverty program: UK Government establish or introduce various type of program
events is visible policy at present time the starting new poverty program which help in
increasing per capital income as well as help in increasing living standard of people however
most of people from poverty issues but due to changes of economic circumstances as well as
losing jobs and incremental population the rate of unemployment people of UK has been raised
up the impact on demand and supply curve.
20 poverty program has been providing all the essential requirement to government for
public through which they can able to fulfill their desirable essential requirement things it will
help in bringing them or development of public UK Government mostly focus on education of
poor people so children simple to and capable to generate earn money and handsome contribute
towards economic.
Price control:Transfer in foods in sector industries it will help in completes in providing
resources where it needed as due to changes its Geographic culture requirement as well as British
agreement it is really hard to fulfil. All the special needs regarding with you came that this
organisation able to generate effective policies government were providing a transfer in their
shares able to fulfil requirement of customers retail customers.
retail subsidiaries to market and able to provide various type of benefits to retailers which help
in bringing influence small industries to invest in retail sector has it become the most profitable
sector in a coming future times after the argument any effect of corona virus demand of retail
sector has been increases and due to increment in demand it is pretty hard to fulfil all the
customers perception thus on the basis of formulating effective business policies they used to
provide financial assistance speech therapy in providing latest factors (Martin, Pike, Tyler, and
Gardiner, 2016).
Fiscal policies: UK Government engagement providing a formulating effective business
from gram they provide stimulus programs which help in reducing the chances of poverty as well
as bringing the life in capability of customers . Public one of the most powerful country but due
to some of the economic crisis reason it is really hard for this organisation to maintain their
position within the market thus by the formulate effective economic Strategies.

And work on monetary and fiscal policies to bring in their demand and supply on
same rate all these essential measurement help in bringing back retail sector in effective and
because it is it was the only sector which have you came to make their position is strong the
market environment is there retail sector has been bred by the and which directly impact on the
economic cycle of UK it help in fulfilling monetary resources as well as provide effective in
Strategies and tools through which small and medium size organisation able to gain profit they
provide the financial assistance as well as assistant related with providing guideline how to set a
deal with their customers all these measurement policy is useful in bringing back performance of
business organisation in effective way to maintain economic condition of UK.
Taxation :Government of UK mainly focus on small business Enterprises of retail sector
10 with the use of focusing on a small and medium-size organisations table to spread their target
market in the entire word corona virus direct impact on business strategies of UK as their plan of
spreading this market of retail sector in global level has totally been declining for a period of
time because it is really hard to investment take decision regarding investment in other countries.
As due to corona virus the rate of a table has been declined and it is not possible for
retail sector to print built its proposition with a new market that they need to use these strategies
in their local market in influencing motivate customers they are interested in launching or using
new retail sector Supermarket which help in bringing all the essential features related with
grocery customers can easily by saving their time as well as cost as a dash bring all the essential
things together help in increasing living standard of customers (Ulijaszek. and McLennan, 2016).
CONCLUSION
From the above analyse it has been identified that business economics play vital role in
running economy of any country. They useful in determining and researching these factors which
directly impact on demand and supply of countries. Spacey in retail sector. There will be many
factors which become the reason of affecting adversely and positively changes in demand and
supply curve. All these are the reason of shifting curve. Government of UK use o formulate
effective policies regarding development and poverty which useful in bragging all the demand
and supply curve in effective manner, together though which retail sector able to fulfil demand of
every customer and supply of essential business raw material within given period of time.