Expert Answer :Research Industry Background


Solved by verified expert:Please read all directions carefully and use the template provided as an attachment…PLEASE PLAGIARISM!In this graded activity, you’ll review some resources that will help you identify industry information such as industry background, goods, and services. This activity will help you prepare to develop your economic brief for Assignment 1.Review the activity directions and then use the template to answer the questions. Use the Activity link above to submit your responses by the due date.View Activity Directions Get Template


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ECO 100 – Principles of Economics
Activity 1: Research Industry Background (30 points)
No matter what career path you are in or ultimately choose, you will likely interact with a wide range of
industries, goods, and services. This is at the heart of economics. Being able to identify what goods or
services an industry provides will help you figure out what their purpose and goals are. You’ll use this
type of information in your assignments for your class.
Here are some resources to help you get industry background information:
1. Mergent Online
Help video on Mergent Industry Reports
2. Business Source Complete
United States Industry Profiles
All Industry Profiles by Country (select Industry Profiles in left menu Source Types)
3. Flipster Online Magazines
Scroll through to view these recommendations: Bloomberg Businessweek and Fast Company
Bureau of Labor Statistics
Industries at a Glance
Review the resources and answer these questions in your response:
1. List at least one industry you are interested in researching more for your assignments or list the
industry in which you work. A few examples of industries are Retail Trade, Education and Health
Services, Manufacturing, and Air Transportation. It might help you to first think about the
company or business in which you work or want to work, and then identify what industry that
company falls within.
Note: You’ll use this same industry to complete your course assignments. Save your notes from this activity to
help you with the assignments.
2. What types of goods and/or services does this industry provide?
3. In what ways does scarcity impact this industry?
Use the Activity 1 template to answer each question and submit your responses by the due date.
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Activity 1 Research Industry Background Template
1. List at least one industry you are interested in researching more for your assignments or list the
industry in which you work. (You can use supersector, sector, or subsector levels.)
Education and Health Services/Health Care and Social Assistance
2. What types of goods and/or services does this industry provide?
The Health Care and Social Assistance industry provides medical care, health care, and social
assistance services.
3. In what ways does scarcity impact this industry?
Scarcity impacts this industry in terms of limited resources and unfulfilled jobs.

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