Jenn+and+Dongju

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One of the most influential forces in the economies of today is CONSUMERISM. The most economically successful countries of the world are only as affluent as they are because they cater to the demands of normal, every-day consumer, instead of large industries or corporations. This means producing goods that are in demand by consumers. Instead of building large tractors and ocean liners, most transportation companies will choose to build sports cars or mini vans. This is more profitable because they will be demanded by larger amounts of people (unfortunately, you cant really drive a tractor to school... or can you?). But what is it that determines demand in the first place? And what other choices do firms make when creating a product? Our project will answer all these questions, and more. Click on the links below to begin :) =====

 TOPIC ONE : FACTORS OF DEMAND

TOPIC TWO : MONOPOLISTIC COMPETITION