Evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved.
Signature Assignment: Economic Concentration Evaluation Select 1 of the economic concentrations (clusters) below:Seattle-Tacoma-Olympia, WA aerospace / defense industry
Central California winemaking industry
Hollywood movie industry Silicon Valley Technology hubTexas / Louisiana Gulf Coast crude oil and natural gas production and refiningPre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration
Write a 700- to 1,050-word paper evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:
Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
Analyze how the economic concentration in the area you chose influenced the supply chain.
Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.
redict changes you anticipate for the area of economic concentration you chose. Support your predictions.
Consider the resources provided and other academically appropriate sources. The use of charts and tables to illustrate data is highly encouraged.
Cite at least 2 academically credible sources.
Answer preview to evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved.
APA
735 words
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