***Write one paragraph respond or give a feedback to your classmate answer.***

1.

There are a few factors that can contribute to profit changes for expansion or contraction of the particular industries. For example, with covid beginning in 2020, we see from the first quarter to the second quarter that manufacturing dropped significantly. With strict quarantine guidelines and factories shutting down, it makes sense why the numbers dropped so quickly. On the same note of covid, in 2021 we see a significant increase of computer and electronic products. Covid paved the pathway for many companies to offer telework options and now for many companies, they offer it as another benefit to work for them. The jump in numbers for computers and electronic products reflect the current demand for telework options.

2.

Based on the most recent figures, the Domestic Industries, and more specifically the nonfinancial category had the greatest profits. Since the data from 2020 Quarter 1, the Petroleum and Coal products has seen the most fluctuation. In 2020 Quarter one, that section had $1.2 billion in profit, compared to the most recent 2022 quarter one of $18.2 billion. That's a 1416% increase. The petroleum demands during COVID obviously played a huge role for such a wide margin. Comparatively, the fabricated metal products during the same time period has "only" had a 20% increase. Its also very interesting that since 2020 Quarter 4, the motor vehicles, bodies and trailers, and parts category has reported losses of $1.1B, $3B, $10.7B, $14.3B, and $2.7B.

Upon reflection, I think that the knowledge about this website in general could be useful in the real world and in the workplace. The jump in consumer demand from the start of the COVID pandemic to today reflects in its corporate profits, and I can understand how much it affected their supply chain during that lull. Having a better understanding of the market structure, demand, supply, and how it relates to profit margins could possibly help me if I'm employed as a consultant or an analyst.