– Hypothetical scenario
Suppose that there are two different types of industries – (1) the fruit industry, and (2) the clothing industry. Develop a two-page essay discussing the following questions.
Section 1 (Q:1) . Which of the above-mentioned industries might fit better into the category of perfect competition? Discuss this from an economic perspective, and do not just share your opinions/thoughts.
Types of Industries
Section 2. (Q:2)- What type of business strategy in each industry might promote sales revenue?
Section 3 (Q: 3) .- Is there any biblical principle you can identify based on your discussions from section 1 and 2?
• Provide a couple of bible verses
• How do they relate to the given context?
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