Objective:
Examine economic indicators and trends in small business.
Introduction: Upon starting your business and having it up and running, you will want to be aware of the economic conditions in which your business operates. Upon completing this lesson, you will be able to analyze productivity and growth, determine factors affecting business risk, and analyze economic conditions. The topics and various activities in this lesson will help you better analyze economic indicators and trends in small business in order to make informed business decisions.
Deliverables
The essay for this lesson is required to be a minimum of 3 pages which clearly demonstrate your understanding of the activity. Essays should have a clear introduction, thesis statement and conclusion, written in APA format (APAstyle.org).
Activity Details
Step 1: Read the following questions, and use what you have learned about Economic Indicators to summarize your responses in a 3-page paper (APA formatting required):
* You are trying to influence your town to commit to developing technology that will enable future growth. What are the main points you would like to present to the town committee?
Discuss the sources of economic growth, the relationship between capital and productivity
(c) Discuss the effect of human capital and technology on labor productivity. Explain the impact that the law of diminishing marginal returns will have on this scenario.
Step 2: Conduct additional topic research to demonstrate application of these concepts in a real world business environment.
Step 3: Write a paper.Please review the links provided below, containing the essay rubric and APA formatting guidelines, prior to proceeding:
Essay Rubric
Step 4: Save and submit your assignment
When you have completed the assignment, save a copy for yourself in an easily accessible location and submit a copy to your instructor below using the Submit Paper link.