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Intel is a multinational semiconductor chip maker, founded in 1968. They design, manufacture and sell computer processors (microprocessors) for personal computers, servers, phones, tablets and embedded systems. The company has operations throughout the world and sells its products in more than 160 countries. They report that they have about 100,000 employees worldwide.The computer and electronic product manufacturing industry is a global industry that produces a variety of products, including computers, semiconductors, electronic equipment, and software. The industry is characterized by a high level of competition and a large number of firms.Intel has been described as one of the world's largest semiconductor companies measured by revenue.

The relevant NAICS code for this industry is 334111.NAICS 334111 covers the manufacturing of electronic computers. An electronic computer is a programmable digital device that uses microprocessors to perform computational tasks, such as mathematical and logical operations, simulations of data processing, and control of peripherals.The main component of an electronic computer is its central processing unit (CPU) which may be optimized for integer operations or floating-point operations.The other major component of an electronic computer is its input/output system (I/O). This system allows the CPU to communicate with external devices such as monitors, printers and disk drives. The size of an electronic computer's I/O subsystem varies depending on how many external devices are connected to it at any given time; however, they typically range between one megabyte per second and two megabytes per second in bandwidth when running at full capacity.

In order to understand how an industry is affected by economic theories, we must first define what an industry is. An industry is a group of businesses that produce similar goods or services. As such, an industry could be defined as a sector of the economy that produces goods and services that are similar in nature. The relevant economic theory for a given industry depends on the type of business being done by those businesses within that industry.

The relevant economic theories that affect the computer and electronic product manufacturing industrylike Intel are as follows:

Supply and Demand

One of the most fundamental concepts in economics is referred to as the theory of supply and demand. It asserts that the price of a thing will grow in proportion to the level of demand for that commodity at any given point in time. When there is less demand for something, the price of that thing will go down. This hypothesis has an impact on Intel since it predicts that the company's product prices will go up if there is a rise in the amount of demand for Intel's offerings. Prices of Intel items will go down if there is a reduction in the amount of demand for such products. Because Intel is a corporation that manufactures and retails its own goods, this idea is pertinent to Intel's business.

International Trade and Capital Flow

According to the theory of international trade and capital flow, if there is an increase in the volume of trade that occurs between two nations, then there will also be an increase in the volume of capital that moves between those two countries. This idea is applicable to Intel since Intel is a multinational corporation that does business in a variety of nations. When there is a rise in the volume of commerce between the nations in which Intel conducts business, there will be a rise in the volume of money moving into and out of Intel as a result.

Macroeconomics

The theory of macroeconomics argues that there will be a rise in the price of goods and services if there is an increase in the amount of money that is available in the economy. Because Intel is a corporation that manufactures and retails its own goods, this idea is pertinent to Intel's business. The pricing of their items will go higher if there is a rise in the total amount of money in circulation.

Environmental Protection

The electronic computer manufacturing industry is subject to a number of environmental regulations, including those governing the use of hazardous materials, emissions, and waste disposal. These regulations impose costs on firms in the industry, but they also help to protect the environment from the negative impacts of the industry's activities.

Positive Externalities and Public Goods

The electronic computer manufacturing industry generates a number of positive externalities, including the development of new technologies and the creation of high-paying jobs. The industry also produces a number of public goods, such as educational software and computer-aided design tools.

Issues in Labor Market

The electronic computer manufacturing industry is subject to the same labor market issues as other manufacturing industries, such as unionization, discrimination, and immigration. However, the industry also faces some unique labor market issues, such as the high demand for skilled workers and the need for workers to keep up with rapidly changing technology.

Inelastic

Intel's products may be seen as inelastic due to the fact that they are necessary for many computers and other devices. However, the company does face competition from other brands, so it is not a monopoly. This means that while Intel may not be affected by changes in the market, the company still needs to be aware of competitors.

Financial Market

The financial market is important to Intel because the company needs to generate revenue to maintain operations. The market can also be affected by Intel's financial status. This means that Intel needs to be aware of both the market and its own financial status.

The computer and electronic product manufacturing industry is governed by a variety of regulations, including those related to intellectual property, export controls, and environmental protection. The industry is also subject to a number of environmental regulations, including those related to the disposal of hazardous waste.Fair Labor Standards Act (FLSA), the Occupational Safety and Health Act, and the Family Medical Leave Act. The OSHA protects workers' safety and health by setting standards for workplace hazards. The FMLA guarantees eligible employees up to 12 weeks of unpaid leave every year for maternity or paternity leave, or to care for an ill family member.((Family and Medical Leave Act, n.d.)

The market structure for electronic computer manufacturing and Intel is best described as a perfect competition market. This means that each firm must compete on price aloneit cannot use its size or influence to raise prices. The number of buyers and sellers in this industry is large, with many firms competing for market share. The number of buyers and sellers can be shown by looking at the total revenue generated by these firms as well as how many people purchase computers (around 300 million worldwide). The fact that each firm in this industry must compete on price alone also means that there is no expectation of collusion among competitorsthere is no possibility of them coordinating their actions to raise prices above what they would otherwise be able to charge. This helps explain why price competition exists in this industry; because firms cannot easily communicate with one another about pricing strategies, they have to compete based on price alone.The lack of coordination between firms also means that there are no barriers to entry or exit, new firms can enter into this industry at any time, since there are no barriers preventing them from doing so; likewise, existing firms can exit if they find it.

Intel is global and the electronic computer manufacturing industry is highly competitive, both in the United States and internationally. The industry is dominated by a small number of large firms, but there are also a number of smaller firms that compete in niche markets. The industry is capital intensive, and firms must continually invest in research and development to stay ahead of the competition.In order to evaluate and critique the competition, they will look at the main competitors in the region. They have been around for many decades and are a well-known brand in our area.