Steve Jobs was an incredibly successful entrepreneur thanks to his ability to resist failure. Danny Boyle then tasked Steve Jobs with showing Jobs' path to success, from the development of the Apple II to the introduction of the iMac G3. Multiple economic concepts were demonstrated throughout the film, 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 Shouldn't Be Banned"? Get Original EssayApple was in an oligopolistic market when it was successful as it had 30% of the 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 all else remains unchanged. This is evidenced by the poor sales of the Macintosh after its launch, which only sold around 35,000 units because it was too expensive. This shows that as prices increase, demand decreases as consumers will support other companies like IBM or Microsoft instead. Even the most versatile PC sold for the same price. Consumers at the time wanted the ability to modify their computers, which is why the Apple II worked financially. The Macintosh didn't have as many features as the PC, and the end-to-end control also prevents users from adding more features themselves. This shows how important it is for a competitive company 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 that he could persuade his consumers and change market demands in a short period of time, which is one of the main reasons why the Macintosh failed. The protagonist, Steve Jobs, illustrated the conflicts between the owner and other stakeholders, which are the institutions and individuals interested in the success of another for 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 launch. Employees prefer to do less work 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 the best out of his products to increase profits. This gave Andy enough motivation to ensure the voice demo worked. The owner was also in conflict with the government when Jobs wanted to turn off the exit signs so that his product launch would be successful. However, the government disagrees as it expects companies to follow specific safety rules as exit signs can be crucial during a fire. They had no interest in Jobs' desire to successfully advertise his products since this did not directly benefit the government. The conflict between consumers and owners was also demonstrated by Jobs' voice demo and the Next computer. That's because Jobs ran the voice demo with a different, unreleased computer while his Next computer launched without an operating system. Consumers expected quality products from Apple, but Jobs was willing to provide falsified information about his products so he could have successful advertising. In the film, multiple decisions were made due to limited resources, also known as scarcity. You are therefore forced to give up the benefits of the second best alternative, known as opportunity cost. This is evidenced by Apple's declining sales after the introduction of the Macintosh because i.