I don't know what to write or how I should start it or where to start from. PLEASE NOTE EVERYTHING BOLDED IS IMPORTANT. I was thinking of writing about DAYCARES would that we a good topic? I JUST NEED HELP WITH HOW I SHOULD START MY INTRODUCTION, 3 BODY PARAGRAPHS, AND CONCLUSION, AND WHAT I SHOULD WRITE (PLEASE SCROLL DOWN TO THE BOTTOM) AND HOW I CAN USE 3 CONCEPTS TO TIE THEM WITH DAYCARES.

Step 1 - Choose a good or service. Choose something you know something about. Choose something from a current or former job. Choose something from a family business. Choose something you are passionate about. Please no oil/gas, cell phones, or video games. DAYCARE?

Step 2 - Choose your 3 microeconomic concepts.

Step 3 - Introduction. Essentially, your introduction is going to say you are writing about this good or service and these are the 3 concepts you are going to apply.

Step 4, 5, 6 - Write 3 body paragraphs. One paragraph each for each concept. Because this is microeconomics, you should depict your supporting graphs. (Note: Some graphs may not require a graph.)

Step 7 - Conclusion. A conclusion does not have to be, 'this is the way it is' or 'this is the way it will be'. Economics is very much like that. All of the models and equations and graphs in the world and still it "depends." If you think in if/then statements you're probably on the right track to drawing a conclusion.

Step 2 - Choose your 3 microeconomic concepts. (down below) Which ones would be good for daycares?

Production Possibilities Curve

Supply and Demand o Factors affecting supply o Factors affecting demand

Elasticity of Demand/Supply

Price Ceilings/Floors

Ownership Models

Competitive Models o Monopoly o Oligopoly o Perfect Competition o Monopolistically Competitive

Business Cycle

International Trade o Absolute Advantage o Comparative Advantage

Positive and Negative Externalities

Labour Markets

Public Goods and Common Resources