– Hypothetical scenario
Suppose that there are two different types of industries – (1) the fruit industry, and (2) the clothing industry. Develop a two-page essay discussing the following questions.
1. Which of the above-mentioned industries might fit better into the category of perfect competition? Discuss this from an economic perspective, and do not just share your opinions/thoughts.
2. What type of business strategy in each industry might promote sales revenue?
3. Is there any biblical principle you can identify based on your discussions from section 1 and 2?
The short essay must comprise the following structures with sections and headings:
Section 1: Perfect Competition
Section 2: Business Strategy
Section 3: Biblical Application
Please note that I will not review your actual essay before your final submission.
– All papers must use a minimum of 3 sources. You must cite only peer-reviewed journal articles although the textbook is an acceptable source (however, keep in mind that the textbook is not peer-reviewed resource though).
– You MUST NOT cite online sources or any articles without year of publication and author’s name. Also, you should not cite Wikipedia and investopedia.
– All papers must follow all APA requirements. (I am only looking for accuracy of APA formatting for references)
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