ECON616 Phase 1 DB2

ECON616 Phase 1 DB2

Introduction

There are many considerations for a business when it is going to start a new thing. The marketing and financial aspects of the business aside, there are economic considerations as well as that can make or break a prospect of any business. There are many theories in economics that pertain to general decisions that are needed to be taken by a business. Economics is a unique subject due to the fact that it makes an attempt to quantify consumer choice and their satisfaction. It also deals about profitability and break even that are pivotal ...