Explain the relevant economic theory underpinning the issue or problem. Analyse from an economic perspective, further illuminating the various theories and concepts of 1/ supply and demand 2/ relevant economic theory 3/ issued and problems with production 4/ Factors of production 5/ Raw materials, workers capital and the know how of production. Supply and demand at different costs, determents of demand, cover substitutes, compliments, preferences and number of buyers, factor price, taxes subsidies and technology
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