please help answer this question

Using examples explain why small firms continue to exist despite economies of scale

for any1 to answer lol -- its an essay for uni :P and im tired so i cant think

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Economics is the study of resource allocation in a world of scarcity. Because of the limited nature of the world's resources, choices must be made between alternative uses. This week we'd like you to share an example of a choice YOU or someone in your family has made regarding the use of a scarce resource or resources. Remember, all economic decisions involve COSTS, but not all costs are in terms of money. Give an example of a decision you've made that involved resources, tradeoffs and costs. The more creative or original, the better!

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http://www.gwn.com/articles/article.php/id/850/title/PlayStation_3_Supply_Surpasses_Demand.html

The link above talks about how, with the rise in popularity for the Wii, the demand for the PS3 has gone down significantly, to the point where Sony is facing a surplus of PS3s, with no one to sell them to. This rise in popularity for the Wii causes the Wii to try to keep their supply up with demand, with people still waiting for their Wiis. However, even on Ebay, (as is stated in the article), the PS3s aren't even being bid on, although people are trying to sell them for cheaper prices than the retailers. Also, the falling in popularity of the PS3 is causing many people to return their PS3s to the place of purchase, increasing their stocks.

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The price of gold rises to a new a high after a newspaper claimed that Gulf Nations wanted to replace the dollar for another currency as the main oil currency. This report was later denied false, but the future expectations for the price of oil to decrease, because of the switch of the currency. Therefore people start to invest their money and commodities in gold, rather than in oil. Trade companies would also start to trade gold, rather than oil as they can get a higher return for the more expensive gold, rather than the cheaper oil. Also the switch of oil off of the US currency to a less stable currency would mean that the price of oil could highly fluctuate, so poeple would put their money into a more stable commodity, gold.

http://news.bbc.co.uk/2/hi/business/8292736.stm

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http://newsvote.bbc.co.uk/2/hi/business/8292156.stm

The article talks about how the price of housing in the UK has increased by 2.8% in the previous quarter, which marks the first quarterly increase for the past two years. An increase in demand for housing and not enough supply of housing are responsible for the increase in price. (shortage of available housing)
There is and elastic demand for housing in the UK, meaning that people are very rseponsive to the property prices and interest rates that have been decreased since september 2007.

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Gas imports have been increasing at a rapid rate in England over the last few years. This is part of an international trend in which countries are building up their gas storage so they can be self-sufficient for a certain period of time should the gas supply be cut off. This article is about how England isn't increasing their gas storage as much as they need to to meet increasing demand from the public because they don't believe that gas supply from abroad can match it. There is increasing demand and decreasing supply.

Check it out:

http://www.guardian.co.uk/business/2009/oct/04/gas-storage-capacity-five-hours

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http://www.21food.com/news/detail22819.html

This summer, the United Stated government bought 17 million pounds of New Jersey blueberries for $14.7 million of American taxpayers’ money. Because of a significant leftover amount of last season’s blueberry harvest, this year’s price has dropped considerably, due to the producer surplus. The government’s purchase will be distributed to school lunch programs, nutrition programs, emergency meal assistance, and food banks.

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The demand on oil, is going up.The global economy is stabilising, but OECD demand is poised to remain weak for the remainder of this year, while seemingly strong non-OECD demand may be obscured by Chinese stock building
The Global oil Supply went down since june 2009
Middle distillate increases in all three regions, particularly North America, outweighed a decrease in both gasoline and fuel oil stocks. End-July forward demand cover was unchanged versus June at 61.8 days.

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http://www.msnbc.msn.com/id/32988155/

This article discusses the increased demand for ammunition. Future expectations have changed due to Obama coming into power. Many people are scared that he will pass an anti-gun legislation and so they are stockpiling the bullets in anticipation. This has caused a shortage of bullets in many stores causing the price to rise. Some suppliers have been working overtime and still cannot keep up with demand. Gun sales spiked when it was clear Obama would win the election and demand for ammunition has been growing since. The only way this will halt will be if a law is actually passed or if Obama makes it clear that he will not restrict the use of firearms.

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My article is on the Nintendo Wii is finding hard to keep up with demand. Nintendo has hit all time record high sales with the uniqueness of the Wii. Nintendo is waiting to expand its factories into Asia. They are working hard not to hurt the consumer as much because the Wii has sold over 6 million units. Also Nintendo are finding it hard to supply the add ons such as the Wii Fit bored and the other expansion tools. Furthermore the Wii’s price might drastically rocket meaning it will loss the demand and the Playstation 3 or Xbox 360 might start winning the market. This is important to Nintendo because of the Video Game slump that has hit the market due to the rescission. Also the popularity of the Wii or Other Nintendo products might decrees, they might lose there main business.

http://www.gamepro.com/article/news/106328/nintendo-struggles-to-keep-up-with-wii-demand/

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