Economics Essay Author’s title Institution’s title Economics Essay Financial lending services are the trust service that allows one party to lend money or individual resources to another party. The assisted party does not refund the lending party immediately hence creating a debt which is repaid or returned in equal measure at a later date. Credit services are therefore the extension of formal reciprocity to different groups of unrelated individuals. The resources provided to be in the form of a loan goods or services hence it is any shortage of the supply of capital and hence the quantity demanded falls. These factors therefore end up determining the duration of loan lending to borrowers. Whether the loans are short-term long-term personally secured or business loans depends on the affordability of the interest rates. The financial institutions therefore alter these standards to appeal to borrowers and to obtain profits from the transactions. References Energy U. D. (2017). Financial Institution Lending Programs. ENERGY EFFICIENCY & RENEWABLE ENERGY. Openstax. (2016). Labor and Financial Markets. In Principles of Economics. https://opentextbc.ca/principlesofeconomics/chapter/4-2-demand-and-supply-in-financial-markets/ [...]
Find a news article of your choice describing a good or service (you may use articles from websites such as cnn.com or foxnews.com). Summarize the situation and identify what supply or demand shift factor is at work. Describe the effect on equilibrium price and quantity given the shift factor. Provide a copy of your article with your written assignment.