unit project - my favorite product\ncreate a visual presentation of your favorite product (good or service)…

unit project - my favorite product\ncreate a visual presentation of your favorite product (good or service)! please use your best judgment with your choice! you may use google slides, docs or some other multimedia program which suits your needs. in selecting your product, think about something you use that you could not do without!\ninstructions:\nyour presentation must include:\n• explain the product and what it provides for consumers (utility!!).\n• list the four resources and give several examples of how each factor of production is used to produce your good or service & where the resource might come from (ex. wood is a natural resource used in the production of pencils. cedar (a wood) used to make pencils comes from northern california). explain how these resources become your product using the circular flow diagram.\n• list all 5 determinants of demand and create a headline related to your invention for each determinant (these should be different from the ones presented in class!!!). explain how the headlines will shift the demand curve left (decrease) or right (increase) & which way price & quantity will move as well.\n• list all 6 determinants of supply and create a headline related to your invention for each determinant (these should be different from the ones presented in class!!!). explain how the headlines will shift the supply curve left (decrease) or right (increase) & which way price & quantity will move as well.\n• provide the name of a company that currently produces your good or service locally or nationally (dont use the company that sells the product...i want to know who produces the good or service). include in your presentation the type of business organization in which this company operates (listing three specific advantages of this type of organization), as well as which of the four types of competition in which it operates (provide support as to why you chose this category—numbers of sellers (list of competitors), control over price, type(s) of products sold, etc.)\n• be sure to include many graphics & pictures, as well as provide any other information you find interesting related to economics or otherwise. all information must be in your own words (do not copy and paste from the internet!).\n• project must be turned in on google classroom under that assignment. the project should be saved as your first and last name. make sure this project is saved in your google drive.

unit project - my favorite product\ncreate a visual presentation of your favorite product (good or service)! please use your best judgment with your choice! you may use google slides, docs or some other multimedia program which suits your needs. in selecting your product, think about something you use that you could not do without!\ninstructions:\nyour presentation must include:\n• explain the product and what it provides for consumers (utility!!).\n• list the four resources and give several examples of how each factor of production is used to produce your good or service & where the resource might come from (ex. wood is a natural resource used in the production of pencils. cedar (a wood) used to make pencils comes from northern california). explain how these resources become your product using the circular flow diagram.\n• list all 5 determinants of demand and create a headline related to your invention for each determinant (these should be different from the ones presented in class!!!). explain how the headlines will shift the demand curve left (decrease) or right (increase) & which way price & quantity will move as well.\n• list all 6 determinants of supply and create a headline related to your invention for each determinant (these should be different from the ones presented in class!!!). explain how the headlines will shift the supply curve left (decrease) or right (increase) & which way price & quantity will move as well.\n• provide the name of a company that currently produces your good or service locally or nationally (dont use the company that sells the product...i want to know who produces the good or service). include in your presentation the type of business organization in which this company operates (listing three specific advantages of this type of organization), as well as which of the four types of competition in which it operates (provide support as to why you chose this category—numbers of sellers (list of competitors), control over price, type(s) of products sold, etc.)\n• be sure to include many graphics & pictures, as well as provide any other information you find interesting related to economics or otherwise. all information must be in your own words (do not copy and paste from the internet!).\n• project must be turned in on google classroom under that assignment. the project should be saved as your first and last name. make sure this project is saved in your google drive.

Answer

Brief Explanations:

This project requires creating a visual - presentation about a favorite product. It involves economic concepts such as factors of production, determinants of demand and supply, business organization types, and competition types. The presentation should also include product utility, resource origin, and company - related information. Graphics and pictures are to be included, and all content must be in one's own words.

Answer:

No specific answer as it is a project guideline. The student needs to choose a product and create a presentation following the given instructions.