Microeconomic and Macroeconomic Principles
The simulation is based on Atlantis housing and looks at the general conditions that prevail and determine the housing conditions, demand and the prices therefore. There are both detached homes and apartments that are to let and to be bought in this region. The simulation and hence the paper concentrates on the supply and demand of two bedroom apartments in Atlantis.
One of the microeconomic factors is the demand and supply. With 2,000 two-bedroom apartments within the management of Hal Morgan, they are able to meet the high demand that could be. This makes them have an advantage over their competitors within the same market niche that may not have the same high numbers of rooms. The other microeconomic factor that works to the advantage of Goodlife Management over the possible competition is the monopoly that they have in this region in the sector of two-bedroomed apartments.
One of the macroeconomic conditions that contribute to the prices of houses in the region is the serene surrounding that presents no traffic concentration and low pollution, well maintained sidewalks for jogging, extensive open spaces and the general good condition of the properties in the region. The other macroeconomic factor is the government regulation that introduced the ceiling...
Economics The supply and demand simulation featured a number of different economic prniciples at work. In terms of microeconomic principles, two that were featured prominently was the relationship between supply and demand. The impact of these two variables on the price and availability of apartments in Atlantis was at the core of the simulation. Another was price elasticity of demand. There were also some macroeconomic principles outlined, as they affect supply
simulation featured a number of different economic concepts. The first is the issue of the supply curve. Shifts in the supply curves occur as the result of changes in price, or also in changes in demand. When the price of a good in the market changes, firms are likely to increase production. When the price of a good in the market decreases, some firm are likely to reduce or
Supply Demand Simulation Macro and Microeconomic Principles From the simulation, the two major microeconomic principles are supply and demand. The simulation majorly focuses on the supply and demand of rental properties in Atlantis. In addition, the influences on supply and demand form the major topic discussed in the simulation. The macroeconomic factors clearly stated in the simulation are changes in the population trend, choosing to rent or buy apartments and factors that
Creating Organizational Value through the Integration of Information Technology: A Management Perspective Change Management and the Construction of a Receptive Organization Transformational and Participative Leadership A Decentralized Organizational Culture Effective Utilization of Resources Simulations Performance Monitoring Systems Risk Management and Support Strategies When considering the ever-changing and highly competitive global landscape of business today, firms must stay at the cutting edge of their respective fields in order to sustain profitability in the long-term. With the current exponential growth
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