Order Assignments Now Get Upto 50% Off “Let’s fight, Help and Win” UPTO 50% OFF due to COVID-19 break down Order Now

PM101 Business Economics Level 4


Business economics is field where economics deals with issues like management, expansion, corporate strategy. It includes the interactions between the corporation and the role of government. The factors affect a economy and its operations is open market forces is demand and supply. These two factors are the main driving forces of an economy.  Demand is defined as the consumer's desire and willingness to pay for goods or services. While supply can be defined as the total amount of the goods and services available to consumers. The present report is based on the fall in oil prices and their impact on aggregate demand and supply on the economy.

Main Body

Overview of oil industry is the heat on several others front well. The oil industry is divided into three components upstream, midstream, and downstream. The upstream finds natural gases and crude oil (Mollick, and Nguyen,2015 ). The upstream is also known as the exploration and production stream. From an individual perspective, the upstream market provides worlds the 7 million people daily their energy needs. As fuels can be considered the main sources of energy for the people.

The oil economic is full of booms and busts. The reason behind downturn in oil market is the strong U.S. Dollar in recent year. After recovering from the inflation the country is focusing more growth and want to competing with the other countries like china. The global commodity market is usually affected by the U.S. Dollar which puts the market into pressure to reduce the prices. Oversupply of oil is other factor that leads to oil prices down .Since in Europe due to inflation, the demand of the crude oil declined. Introduce the more efficient vehicles and other resources like solar energy has become more demanding and useful(arak Nath Sahu Bandopadhyay, and Mondal, 2014 ). China's economy may be worse in the coming year since china is largest import In oil production this hit the demand of the oil on global level. in oil this hit the demand of the oil in global level.

You may also visit this: Economics For Business

The Iran nuclear deal, in this deal the global powers is redesigning the framework of Iran's nuclear facilities. Investor fear it will add more oversupply to world. Markets reacted on this news and prices decline more.
In recent years the prices of crude oil is reduces. From a geopolitical perspective larger part of oil exporting from the middle east to another region like North America, Europe and far to East. The exporter countries want to expand their business while importer countries want to minimize their depend on fuel and improve their trade balances. The economic performance of UK is not goods since the country is facing major crises like inflation and instability in political area. and want to(Tawadros, 2013. ) . The services sector is likely to growth in recent years but the manufacturing sector need to boost up. To fall oil prices of is good sign country is net importer after introducing the renewable energy projects. It seems like fall in the oil prices will bring some economic growth in country and helps the country to grow and overcome from the inflation.

Download Full Sample
Cite This Work To export references to this sample, select the desired referencing style below:
Copy to Clipboard
Copy to Clipboard
Global Assignment Help (2021) [Online]. Retrieved from: https://www.globalassignmenthelp.com/free-samples/pm101-business-economics-level-4
Copy to Clipboard
Global Assignment Help. ' ' (Global Assignment Help, 2021)https://www.globalassignmenthelp.com/free-samples/pm101-business-economics-level-4
Copy to Clipboard
Global Assignment Help. [Internet]. Global Assignment Help.(2021), Retrieved from: https://www.globalassignmenthelp.com/free-samples/pm101-business-economics-level-4
Copy to Clipboard

Students feel unable to complete their business assignments because of the lack of knowledge, which results in seeking business assignment help from our expert writers. We provide free samples on our website to help students in increasing their knowledge. Students even come to us with business analytics assignment help request and expect to get an A+ grade with our assistance. You must know that we also provide business case study writing help service that covers detailed SWOT & PESTLE analysis. Availing business development assignment help from us can get you many exciting freebies like free unlimited revisions, free title suggestion, and more.

Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price

Delivered on-time or your money back

100+ Qualified Writers

For Best Business Assignment Help

View All Writers
FREE Tools

To Make Your Work Original

  • tools Paraphrasing Tool

    Check your work against paraphrasing & get a free Turnitin report!

    Check Paraphrasing
  • tools Plagiarism Checker

    Check your work against plagiarism & get a free Turnitin report!

    Check Plagiarism
  • tools Reference Generator

    Get citations & references in your document in the desired style!

    Generate References
? Help