Solar Power Industry Essay Example | Topics and Well Written Essays - 1000 words

Solar Power Industry - Essay ExampleThe success of U.S oil production company, Shale, has caused various producers sleepless nights.GCC countries atomic number 18 greatly concerned with this unhealthy trend that is hurting their economies badly. Augustine (2013, December 9) reports that many cities and countries in the GCC such as Doha, Qatar have undergone massive development due to higher(prenominal) oil prices. This article piqued my interest as it focuses on the future and affects every country. Also, it spots various loopholes in the develop countries. Further,it proposes various measures that the young citizens of various developing countries should put to task to ensure their respective countries are at par with global standards in various sectors such as technology, education, and the service industry in the future.In an effort to explore the on-surface effects, as well as the extended market effect, I will explore various microeconomic concepts such as the theory of the f irms, consumer theory, and the demand and supply side of the market.The ease with which new firms enter market imposes great threat to existing firms and the future of such industry (Perloff, 2011, p. 154). This end result to possible exit of other firms in the event a firm that enjoys great economies of scale engages in unhealthy business competition. Shale company happy positioning in the market due to high technology it employs in mining has made it increase its output with the current level of inputs. It experiences increase extend to scale due to efficiency with which it conducts its operation. Consequently, it can decide to lower the prices of its product and this will impact negatively on the future of other firm, and various positions they keep open in the market.A single firms action in a competitive market affects other firms. The global oil price is evaluate to fall below $100 a