Instruction
Introduction: Upon starting your business and having it up and running, you will want to be aware of the economic conditions in which your business operates. Upon completing this assignment you should be able to analyze productivity and growth and how it may impact your business venture, determine factors affecting business risk, and analyze economic conditions that will impact your decisions related to managing your business and sustaining growth. Begin your project by reviewing the material provided in this lesson, and then review the key variables that impact the economy, such as production levels, supply and demand, trade deficits, economic indicators and trends in the US economic system and other countries.
Deliverables
Minimum 6-page paper
Activity Details
This project will enable you to utilize the measures you have discovered in this lesson to analyze economic conditions. Find at least three online news articles from the Wall Street Journal, New York Times, etc. that are related to economy and factors such as the unemployment rate, price-change indexes, and GDP etc. Based on your research, what can you conclude about current economic conditions? How do they impact your business or have the potential to provide opportunities for growth, sustainability, and profitability?
Step 1: Read the following questions, and use what you have learned about Economic Indicators to summarize your responses in a 6-page paper (APA formatting required):
(a) Summarize these articles and analyze them in a 6-page analysis paper.
(b) Based on your research, what can you conclude about current economic conditions surrounding the unemployment rate, price-change indexes, and GDP? How does it impact business overall and how might it impact your own business venture?
(c ) Be sure that your analysis addressed all three of the topics areas outlined above in your analysis.
Step 2: Conduct additional topic research to demonstrate the application of these concepts in a real-world business environment.