write a research essay about the fishing market
use microeconomics knowledge to analyze the problems in the fishing market and suggest a solution. this is a college level essay
Describe the fishing market using what you have learned about opportunity cost, marginal analysis in decision-making, and markets. You must include a discussion of supply and demand as well as marginal benefits and marginal costs.Expand your discussion of the market, using what you have learned about market failures/problems and the feedback you received. Discuss why the market failure occurs and include the correct graph.
Consider catch shares and the positive aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure. Include any other positive aspects of catch shares that you find through your own research. Consider catch shares and the negative aspects of this government intervention. Add to your discussion of catch shares using what you have learned about how monopolies make pricing and output decisions, and how and why market power is a problem, in addition to the feedback you received. Include any other negative aspects of catch shares that you find through your own research.
Now put yourself in the role of a social advocate. Noting the problems you presented above, what solutions do you have to help protect society? Offer an alternative solution that addresses the issues you noted in part I and avoids the problems you noted in the first half of part II. Be creative, you are not limited to possible government intervention but should also consider potential interventions from other groups in society.
Note: This is the final part of the writing assignment. You must submit a completed paper with title page, introduction, body, conclusion, and references page. The paper should breakdown the fishing market and problems within it, evaluate the current solution and it’s limitations, and propose an original contribution/potential solution.
the assignmnet prompt recommends watching the documentary : https://drive.google.com/
view the websites : https://www.edf.org/oceans/
https://www.
read the articles :
- A rising tide | The Economist.pdf
- How to stop fishermen fishing _ The Economist.pdf
- Study_ Program To Protect Fish Is Saving Fishermen’s Lives, Too _ The Salt _ NPR.pdf
All sources referenced in the paper must be cited at the end and the citations will not be part of the final page count. the paper is to be typed in calibri font size 11 and margins are 1″.
Solution Preview
The fishing industry has been having the largest demand in the global market. Being the source of protein, it has marked the most remindful industry that America has depended on them. With the years this industry has continued to decline due to the high increase of population in America which has led to a decrease in fish catch. The ocean cannot keep up with high demand; therefore, the American had to find the alternative of importing fish from other industries. In this case, we will focus on the fishing industry and how it has impacted the economy around the globe.
In the matter economy, fishing industries have been a major contributor to the American economy. The American depends much on fish as the major source of protein. With years as the American population kept on increasing, the amount of fish consumption has drastically doubled. Most of the fish product consumed in an America is sourced from other countries. This has affected the livelihood of the fisheries industries in America due to low supply and high demand in the American economy. The ocean catch has drastically decreased due to high fishing which has left most of the global countries sourcing for this precious commodity.
(2,157 words)