goods on a higher indifference curve. Higher wages will increase the economy’s spending because the more money consumers make, the more money consumers spend. Consumers are only able to spend as much as they make. If a consumer buys more of a good when his or her income rises, the good is called a normal good. If a consumer buys less of a good when his or herincome rises, the good is called an inferior good. Higher wages would definitely have a better impact on the economy, then not allowing individuals to make what they are worth. The less people make, the less people spend, and the economy is built on spending. Our economy runs on consumers spending money. Another impact on the theory of consumer choice would be higher interest rates. The higher the interest rates the harder it is for consumers purchase and maintain payments of whatever product is in demand. Higher interest rates will also decrease the demand
This Tutorial contains 3 sets of papers
Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.
Write 1,400 –1,750-word paper of no more than in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:
- New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity inyour industry or one with which you are familiar–horizontal, vertical, or conglomerate–and explain why you made that choice.
- Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
- Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry
Recommend how the industry you chose may respond to each of the previous points.
Format your paper consistent with APA guidelines.