What is the role of price in a market economy


Assignment:

Assessment Introduction:

Now, it is time to start practical application of project management techniques. In many courses, you may have been given a case study to dissect, and address section by section. However, assigning a specific case study focused on a specific business will inevitably confine students in trying to "think outside the box". Creativity disappears. Project management demands process and practice. So let's begin the learning process here. You are to select a project that you would like to develop. The project, however; does have some parameters.

You may select one of the following:

• You are going to build your own home, and subcontract out that build.

• You are going to start your own small business. What it is will be your choice.

For either project, you have a budget of $300,000, and a time frame of 9 months to either complete the house, or open the business. In each unit, you will now be supplied a template with required information (as well as example inputs) for your project. Your assignment is to complete these weekly inputs.

Your assignment this week is to create a Project Cost Management Plan for your project. Your final product will be a:

• Project Cost Management Plan

The requirements for your assignment are:

1. Complete a Project Cost Management Plan using the template provided in Unit 7

Amazon.com

Amazon.com has had a colossal impact on competition in the retail market. Consider the supply and demand of our current marketplace. Is Amazon simply meeting a demand? Does the consumer public understand the impact of their demand?

Fast forward 50 years, what will the retail landscape look like? What is the large scale economic impact of the direction demand is taking us in? Offer conclusive remarks for or against progress in this direction from an economics perspective.

Some questions you might look at are:

• What is the role of price in a market economy?

• How has price elasticity influenced the retail market?

• How has online shopping impacted other components of the retail chain such as shipping?

The final report should be submitted in APA format, should not exceed 7 pages and should incorporate at least 50% of the critical vocabulary.

Attachment:- Cost Management Plan.zip

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Macroeconomics: What is the role of price in a market economy
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