1. Refer to Abenomics and Engel's Law economic concepts/ theories . Apply knowledge about the economic concepts/theories to the real-world examples.

2. using the following an article to Identify the above economic theories

3. Discuss about the selected economic concepts/theories., you need to show the understanding of the economic concepts/theories as they are used in the article, by making a connection between the concepts/theories and the article, and support your discussion with the relevant diagram/s (if applicable).

4. Critically evaluate the concepts/theories referred in the article.

link to the article: https://www.esri.cao.go.jp/jp/esri/archive/bun/bun200/bun200c.pdf