Select an industry that interests you and government’s impact

This is a paper that is focusing on the student to select an industry that interests you and government’s impact. The paper also provides additional information to use in the writing of the assignment paper. Below is the assessment description to follow:

Select an industry that interests you and government’s impact

In this assignment, you will develop a paper in which you select an industry that interests you, describe that industry, and also explain how government might impact the industry.

An Example Economic Paper and Economic Paper Template are provided below for this assignment.

Review the Microeconomic Paper Example [DOCX].
Use the Microeconomic Paper Template [DOCX] to help you get started. (Optional).
Instructions

Review your chapter readings and use the resources provided to develop a 2–3-page paper on Economic Principles – Microeconomics in which you:

Firstly, visit the Census Bureau (NAICS) website and select an industry that has a description.
Secondly, the industry could be broad, such as industry 11 Agriculture, Forestry, Fishing, and Hunting, or it could be narrow, such as industry 112112 Cattle Feedlots.
Thirdly, the more digits in the industry label, the narrower the industry.
Fourthly, in a few short paragraphs, describe your selected industry using the industry description at the NAICS website.

Select an industry that interests you and government’s impact

Be sure to write in your own words. Don’t just copy and paste the NAICS text.
Identify some of the major companies in this industry
Identify the goods, and/or services this industry produces. Use the information from the NAICS website. You can supplement this information with what you find in a separate Google search.
Additionally, describe a microeconomic variable for your industry. Microeconomic variables include prices, sales, production, advertising, investment, etc.
Include a graph, chart, or table showing this microeconomic variable over time.

You do not need to create this graph, chart, or table. Find one that has already been created and paste it into your paper. For example, if your industry is U.S. automobile manufacturing, Google, “U.S. automobile manufacturing over time.” Select the “images” option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.
Include a reference to the source of the graph, chart, or table. Microeconomic relationships and also market outcomes are in Weeks 2–4.
Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.

Government intervention through price controls, regulations, taxes, and also antitrust enforcement were covered in Weeks 2 and 4.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

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