due tonight 10 pm central time discussion questions

ASSIGNMENT 1  

Please submit definitions for the following terms/concepts; also, use the term in a sentence or give an example

economic factors

consumption

scarcity

economic staple

natural advantage

comparative advantage

competitive advantage

gross state product

consortium

durable goods

demand

monopoly

demographics

metropolitan statistical area (MSA)

Next, please use this information, and sections 1-6 of the text to address the following:

Discuss the principal industries in Texas at the beginning of the twenty-first century, their origins, and future prospects. Based on what you know, evaluate the future prospects of the field for which you are training. In light of this knowledge, could you have a more stable and secure economic future if you changed plans? Explain.