Solved: Economy that can negatively affect the oil industry, Macroeconomics

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Economy that can negatively affect the oil industry

Problem:

Write about the economic profile of the oil industry.

Include these in terms of impact on the oil industry:

- Price elasticity of supply/demand and shifts in this
- Positive/negative externalities
- Inequalities in wages
- Fiscal/monetary policy

How is the oil industry's success affected by the economy?

What are some influences in the economy that can negatively affect the oil industry?

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Macroeconomics: Economy that can negatively affect the oil industry

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Macroeconomics: Economy that can negatively affect the oil industry

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