This assignment is aligned to these course outcomes: Explain economic principles and their applications in the real world. Summarize the different types of market structures and the role of governmen

This assignment is aligned to these course outcomes:

• Explain economic principles and their applications in the real world.
• Summarize the different types of market structures and the role of government in economics.

In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.

An example economic brief, template, and resources are provided below.

Example Economic Brief,Assignment 1 Template,Strayer Writing Standards (SWS)

1. Review anexample brief.
2. Use theoptional templateto help you get started.
3. Get familiar with the Strayer Writing Standards (SWS). (See Instructions below.)

Industry Selection

Use this resource to select an industry and learn about the products and services it provides:

• NAICS (North American Industry Classification System)
  • Select the number next to the industry to see its subsectors, e.g., select 52 to see Finance and Insurance.
  • Select that same number again to read about the industry as a whole or select a sub-category. For example, Mining is 21, and Oil and Gas Extraction, a sub-category, is 211.