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Submitted by dream004 on 06/30/2008 05:21 PM
- Category: Business
- Words: 748
- Pages: 3
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- Popularity Rank: 9455
Economic
With the development of the economic, there are so many goods have been produced. Many producers produce new goods for earning more capital. Give some examples, net top, DVD and so on. Although they are not the new goods, they improve so quickly. Especially, the mobile phone becomes mare and more popular. In my own view, the mobile phone is so expensive in the old days. But now, the price is much cheaper than the old days and the new types of mobile phone are produced so quickly. Even some people change a mobile phone per month. In the following paragraphs, I would use my economic knowledge to explain and analyze the mobile phone market.
In the 1990 of mobile phone market, a little people can own it. At that time, there is a little number of producers in China. The technology is not mature and the cost is very high. So the price is too high to buy it. According to report of government, in 1990, the owner¡¯s number of China is 17 thousand. After 13 years, the owner¡¯s number is 50 million. In can be seen that, the mobile is elastic good. The equilibrium price becomes lower and lower. Let me talk about the mobile market between 1990 and 2003.
Mobile phone is a convenient and communicates well. So it becomes more and more popular in our live. As a result, people want it so much. From 1990 to 1996, it¡¯s a high price good. The quantity demand is low, and the supply is low too, because the producers didn¡¯t want to pay a lot of cost in a new good. The price leads a very important part in the demand and the supply. The non-price determinants of demand is number of buyers, tastes and preferences, incomes expectations of buyers and prices of related goods. In the other side, the non-price of determinants of supply is number of seller, technology, input prices, taxes and subsides, expectations of producers and prices of other goods the firm could produce.
The number of buyers and producers is little at that time. So the price is in the high...
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