Explain economic principles and their applications in the real world.Summarize the different types of market structures and the role of government in economics.In the workplace, we are often asked to create “briefs.”

Explain economic principles and their applications in the real world.Summarize the different types of market structures and the role of government in economics.In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.Industry SelectionUse this resource to select an industry and learn about the products and services it provides:NAICS (North American Industry Classification System)Select the number next to the industry to see its subsectors, e.g., select 52 to see Finance and Insurance.Select that same number again to read about the industry as a whole or select a sub-category.