Economics (Microeconomics)!!! There has been “a global shortage of electronic chips” in recent years. Write a short essay in which you discuss this situation by using the economic concepts, tools, and analysis you have learned in this course( Microeconomics).

Instructions: The essay must have a length between 250-500 words, it must be well- organized, it must include the causes of this shortage and its effects on countries’ economies as well as on the global economy overall.

what terms are there?

you answered your own : -/

answer

car dealerships cannot obtain stock

explanation

recession is a period in the economy of a nation or a state   when there is temporary economic decline that is when people produce and spend less. that is industrial activities are reduced.it can be caused by increased unemployment which leads to less growth and a drop in consumer spending which affects businesses. during this period business sales and revenues decrease thus causing businesses not to expand this is because the demand goes down and the businesses start reporting loses.

the answer is, "french evoulutuion"