Homework
Choose a business which you are familiar (e.g., where you work or shop).
Apply the key terms learned throughout this course to this business (monopoly, oligopoly, pricing practices, elasticity, demand and supply, and production).
• What are the pros and cons of these concepts in relation to the business?
• What are the biblical principles that apply to this business? How do these support the economics of the business?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.