Explain economic principles and their applications in the real world. Summarize the different types of market structures and the role of government in economics.In the workplace, we are often asked to create briefs. A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.An example economic brief, template, and resources are provided below.