combine all of the tasks from the previous weeks into a full-industry economic analysis. You will use research to give a full evaluation of a chosen area of the economy. Choose an economic industry or area, such as the oil industry, the retail industry, the fast-food industry, the hotel industry, the car insurance industry, the airplane travel industry, the dairy market, the farm market, the health insurance industry, the housing market, etc. Define your market by focusing on the features of the goods or services you offer and recent changes in that market. Find the major service providers in this area. For the chosen industry/sector of the economy, you will find and report on current trends in supply and demand based on real study and include at least two graphical representations (charts, tables, or graphs). Report recent and possible future trends in either supply or demand in the industry or sector, based on your study. Include events that can change either supply or demand, as well as how you think market price and amount will change (for example, the COVID-19 pandemic). Report on the elasticity of demand for the industry or sector you chose, based on your research and what you learned in the course readings. Based on the industry or sector you chose in the economy, you will identify the factors of production (labor, physical capital, and technology) used to turn raw materials into finished goods or services. discuss a report on the cost of these production factors, such as pa yand the cost of physical capital (tools) and other costs. Depending on the business or area of the economy you choose, you will see how consumers use the good or service and how willing they are to pay for more units. Based on the industry or area of the economy you choose, you will figure out the set, variable, and marginal costs of production and use real industry data to help a cost scenario. You do study on the industry or area of the economy you chose and discuss about the regulatory environment the company faces in terms of federal or state rules and requirements for running a business. Find out what kind of market structure the industry or area has (perfect competition, monopoly, oligopoly, or monopolistic competition) and report how much of the market each business has. Also, tell us about any new changes in the industry's market concentration and success.

Reference: Modern Principles of Economics, 5th Edition (