Imagine that you are thinking of starting your own business. To do this, you must consider some of the ideas covered in this course, including scarcity, supply and demand, and economic indicators a. Give a brief description of your proposed business, including a description of the major product or service you would offer. b. Explain the factors that would affect the supply and demand for your major product or service. c. List some economic resources you would need to produce your product or service. What scarcity or opportunity costs do you need to consider? d. Describe the economic indicators you would be most interested in knowing more about before starting this business and the current levels of these economic indicators. How will they affect your planning? Je. Assess your product or service as compared to those of existing competitors (or providers of near- substitutes). What comparative advantage do you have