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The topic is about PlayStation All is in this picture S.N Questions 1. Elaborate on the nature of this commodity. (Provide general information about the

The topic is about PlayStation

All is in this picture

image text in transcribed S.N Questions 1. Elaborate on the nature of this commodity. (Provide general information about the commodity: What it is? What are its characteristics? How it is produced/extracted? What is required for its production/extraction? What it is used for? Where in the world it is mostly found\\produced?) 2. Explain how this commodity functions in an economy using the circular flow of economic activity. (You can describe it verbally or draw a graph). 3 What are the factors that affect the supply and demand of this commodity? Who are its consumers? (What are the factors that affect the rise and fall of this commodity's demand?) - Who are the suppliers? (What are the factors that affect the rise and fall of this commodity's supply?) 4. Should Oman dedicate its resources in production of this commodity? Explain your answer. 5. References (Provide at least 5 reliable resources and properly use in-text citation)

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