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ECON210: Product Demand Discussion Post

Research Paper Instructions:

Hello from South East Asia,
The two sources I provided are relative to aerospace/ aviation, feel free to utilize only one. Personally, I am leaning toward the primary source provided below: In the class, I am exploring the concept of product demand. My colleagues and I have the opportunity to explore this concept in detail. I must select a relevant microeconomics industry and explain how consumer demand affects the production levels of the industry chosen. Determinants that affect supply and demand are required to be discussed. Please take into consideration whether this will shift the supply and demand curve to the left or the right and why.
I have provided two recent sources, one from a newspaper, and one published within the last year. Please highlight your relevant microeconomics topic. Please include the following as it pertains to my discussion:
State the article or event you selected.
Identify the microeconomic concept(s).
Describe your findings.
Analyze the relevance to real-life applications (real-life applications are already provided in both sources weather lasers or aircraft engines, easy day)
Summarize your findings using at least 250 words (no need to go over unless it's necessary) and provide a minimum of one reference. Use current APA formatting to document your sources.
Primary source option: https://ksusentinel(dot)com/2021/03/24/laser-weapon-system-market-competitive-landscape-forecasts-to-2026-global-industry-growth-share-size-trends/
Secondary source option: https://bisouv(dot)com/world/3405270/aircraft-engine-market-boosting-the-growth-market-dynamics-and-trends-efficiencies-forecast-2030-rolls-royce-holdings-plc-safran-aircraft-engines-textron/
Respectfully,
Mario

Research Paper Sample Content Preview:

Product Demand Discussion Post
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Product Demand Discussion Post
“Laser Weapon System Market Competitive Landscape Forecasts to 2026: Global Industry Growth, Share, Size, Trends” gives a thorough analysis of the laser weapon system industry in different market segmentations. Some of the top companies discussed are BAE Systems (USA), Thales (France), Azimuth Corporation (USA), Boeing (USA), and General Atomics (USA). The market segmentation of the laser weapon system by geographical areas include Canada, the United States of America (USA), Mexico, China, India, France, Italy, Russia, Korea, the United Kingdom (UK), Brazil, Japan, Argentina, Saudi Arabia, and Southeast Asia (Emergen, 2021).
The microeconomic concepts discussed include increased demand and supply, production capacity, consumption ratio, and distribution channels. For example, the demand for laser weapon systems is forecasted to increase by 2026. Some of the factors that might contribute to shifting demand in the right direction are political and favorable terms of trade. The laser weapon system market helps many businesses gain a competitive advantage, which means that numerous firms will utilize that oppor...
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