Steve Jobs was an incredibly successful entrepreneur because of his resilience to failure. Danny Boyle then led Steve Jobs in presenting Jobs' journey to success, from the development of the Apple II to the introduction of the iMac G3. Throughout the film, several economic concepts were demonstrated, including the law of supply and demand, desires and conflicts between stakeholders, and the idea of ​​scarcity and opportunity cost. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayApple was located in an oligopolistic market when it was successful as it had 30% market share. Competition in this market has helped demonstrate the law of supply and demand, which states that supply increases with price while demand decreases as price increases, if everything else remains the same. This is evidenced by the poor sales of the Macintosh after its launch, which only sold around 35,000 units because they were too expensive. This shows that as prices increase, demand decreases, as consumers will instead support other companies such as IBM or Microsoft. The more versatile PC was also sold at the same price. At the time, consumers wanted the ability to modify their computers, which is why the Apple II worked out financially. The Macintosh didn't have as many features as the PC and end-to-end control also prevented users from adding more features themselves. This shows how important it is for a competitive business to satisfy consumer desires. However, Jobs was determined to keep the system closed to prevent hackers from copying his ideas. He was overconfident and believed he could convince his consumers and change market demands in a short period of time, which is one of the main reasons for the failure of the Macintosh. The protagonist, Steve Jobs, illustrated the conflicts between the owner and other stakeholders, which are institutions and individuals interested in the success of others due to their own personal gain. For example, one of Jobs' employees, Andy, couldn't get the voice demo to work and wanted to remove it from the launch. Employees prefer to work less in a relaxing environment, but Jobs, as the owner, expects them to be efficient. He threatened to publicly shame Andy because he wanted to get more out of his products to increase his profits. This provided Andy with enough motivation to ensure the vocal demo worked. The owner was also in conflict with the government when Jobs wanted to disable the exit signs so that his product launch would be successful. However, the government disagrees as it expects businesses to follow specific safety rules as exit signs can be crucial in the event of a fire. They were not interested in Jobs' desire to successfully promote his products because it did not directly benefit the government. The conflict between consumers and owners was also demonstrated by the voice demonstration of Jobs and the Next computer. Indeed, Jobs ran the voice demo with another unreleased computer while his next computer launched without an operating system. Consumers expected quality Apple products, but Jobs was willing to provide falsified information about his products so he could run a successful ad. Several decisions were made in the film due to limited resources, also known as scarcity. We are then obliged to give up the advantages of..