Your answer should be backed up with important facts and related economic hypotheses and should contain real-life examples to illustrate how things function in reality.A summation of your answer will become your paper's thesis statement.Use all the resources available to you to help expand your topic and make it more believable.
Take into account the effect that advertising has on how much individuals are willing to pay for an item.
Discuss how different market structures affect supply and demand, prices, and the individual consumer.
Talk about how the labor market affects supply and demand, and the price of manufactured items.
He holds a master's degree in journalism from Regent University.
Microeconomics is different from macroeconomics in that it focuses on supply and demand, the economic behavior of an individual, household, or business, and markets where goods are bought and sold.