1 page/≈275 words
DQS1: Impact of unrest on the economy (Essay Sample)
-How might such unrest impact the individual demand and supply of goods and resources in the affected country? What happens to market equilibrium, equilibrium prices and quantities; and wages and quantities of resources? Would all products be affected in the same way, or would there be some exceptions? -How would international trade be affected? source..
Impact of unrest on the economy
Social, political and labor unrests affect a country’s economy as there is a disruption of production, and foreign direct investment is most likely to decline. Consequently, unrest affects the prices of goods and services through the market forces of demands and supply. Domestic production may also decline, causing a supply shortage which may persist in the economy if not offset by cheaper imports. Reduced supply combined with increased demand for goods in turn leads to price hikes especially on food and petroleum products. Political unrests in the Middle East have led to price hikes for petroleum products in the domestic and international market causing increase...
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