Assume you are thinking of starting your own business.
You need to consider some of the ideas covered in this course, including
scarcity, supply and demand, and economic indicators.
a brief description of the business, including a description of the major
product/service you would offer. (5 points)
factors that would affect the supply and demand for your major
product/service. (5 points)
List some economic resources you would
need to produce your product/service. What scarcity, or opportunity costs
do you need to consider? (5 points)
Describe the economic indicators
would you be most interested in knowing more about before starting this
business and the current levels of these economic indicators. How will they
affect your planning? (5 points)
product/service against existing competitors (or providers of
near-substitutes). What comparative advantage do you have? (5 points)