In today's world, anything or everything that we do is important for the future and for us. Here are some examples of the economics concept that I have chosen to briefly explain about. At the same time applying real situations and companies on what they are or have been through. Firstly, it would be the "DEMAND AND SUPPLY" concept. Going through this concept, I will talk about the Apple Company and what they actually went through. Secondly, it is the "OLIGOPOLY" which I will include two examples of firms that sells homogeneous products. Thirdly it is the "MONOPOLY" that I am going to briefly explained about with an appropriate example of a firm in Malaysia.
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