(a) Susan and Patrick (Discovery Tours) are keen to progress with their idea and have begun to look at what is happening in the economy. Based on your understanding of micro and macro economics, identify and explain FOUR micro or macro economic concepts or terms that would be relevant to the young owners successfully running their adventure /tourism business. (students should clearly explain the relevance to Discovery Tours).
(a) Susan and Patrick (Discovery Tours) are keen to progress with their idea and have begun to look at what is happening in the economy. Based on your understanding of micro and macro economics, identify and explain FOUR micro or macro economic concepts or terms that would be relevant to the young owners successfully running their adventure /tourism business. (students should clearly explain the relevance to Discovery Tours).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Question 2
(a)
Susan and Patrick (Discovery Tours) are keen to progress with their idea and
have begun to look at what is happening in the economy.
Based on your understanding of micro and macro economics, identify and
explain FOUR micro or macro economic concepts or terms that would be
relevant to the young owners successfully running their adventure /tourism
business. (students should clearly explain the relevance to Discovery Tours).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2656c93c-2b7a-40b9-9155-b9217bbdb35f%2F670b0baa-25ef-4906-b6ea-4bffa3dcfe6f%2Fa5lwzw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2
(a)
Susan and Patrick (Discovery Tours) are keen to progress with their idea and
have begun to look at what is happening in the economy.
Based on your understanding of micro and macro economics, identify and
explain FOUR micro or macro economic concepts or terms that would be
relevant to the young owners successfully running their adventure /tourism
business. (students should clearly explain the relevance to Discovery Tours).
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