See the attachment Essay Example | Topics and Well Written Essays - 750 words

See the attachment - Essay ExampleMainstream economists believe that producers commonly employ the cheapest input method while the consumers substitute towards spending on products that atomic number 18 manufactured by cheaper input methods. Mainstream economists posit that labour whitethorn not adapt its supply in conjunction with the demand but a flexible market mechanism in the labour market as intimately as in the goods and financial market may equate the number of jobs available with the number of job seekers. The audience for this genre are manufacturers and the students who are fire in understanding the labour and the commodity markets. Manufacturers would always want to understand the best mix for labour in a particular industry so as to employ the most appropriate and cost effective mix in production. For academic endeavors, the students and other throng interested in the economic activities may be interested in understanding the connection between labour and productio n. This genre is very informative as it informs about the labour market family with production. It highlights how market mechanisms in the labour market affect technique of production and finally the result of the labour input. This genre attempts to explain an economic phenomenon, which most people do not understand. An economic expert who has a deep insight of activities taking place in the labour market washstand therefore pull through the genre. 2 Economy is dependent on transportation, taxes, poverty, education, environmental preservation and immigration. These factors are interrelated and play an integral part in the growth of economy. There are various challenges facing the factors determining economic growth rate. For instance, there is a problem between expansion of roads and transportation system and the need to protect the environment, which is also an important economic aspect. Transportation is an important aspect of resource distribution and should therefore be eve nly distributed. However, because of inability to expand it imposed by factors such as financial constraint developing a centralized transportation location may be very useful in ensuring fitting distribution of resources. Environmental pollution may hinder economic growth but since there should be economic activities going on regardless of environmental challenges, few of the activities such as housing and transportation may be allowed to ensure minimal pollution of environment. Education is another signifi bumt factor that can catapult economic growth but because it is a scare resource, the organisation should mostly concentrate on educating children living in poverty because the rich can afford their childrens education. In fact, due to scarcity of educated individuals, educated immigrants may just feel the gap and produce quality. The audience for this genre is policymakers, government workers, students and players in an economic growth sector. Policymakers and government work ers would utilize this information to understand economic drivers that can help a countrys or a regions economies. Additionally, economic students may also use the genre as a good source of information regarding economic growth and development. The purpose of this genre is to inform the audience about the main economic drivers, their impact and significance in the economy. The genre highlights different factors affecting economic growth