Find a newpaper article on wine industry and draw a link to a Assignment

Find a newpaper term on wine industry and draw a link to a macroecnomic supposition - Assignment ExampleThe key concept the article deals with is the demand and supply side of the wine industry. In order to gain an in depth discretion of these two mechanisms, aggregate demand and supply analysis needs to be made. This is necessary because the article highlights that other industries such as tourism and manufacturing have as well as suffered losses in the recent past.The aggregate demand (AD) is the total amount of goods and services that are demanded by the domestic householders, government, private businesses and the foreign consumers at a certain price level. The aggregate supply (AS) is the real output of an economy at a certain price level. AD and AS will transform as price level changes and the mechanism that AD, AS varies at different price level in turn indicated the symmetry real output and the equilibrium price level of an economy taking into account the equilibrium of product, monetary and labor (employment) markets.The article focuses on the macro-economic and micro-economic factors that are troubling the Australian wine industry. The article explores the reason for Australian company Fosters parting away with its wine business. First, it highlights the many macro-economic factors such as global economic slowdown and modify of Australian currency to be responsible for weak sales figures. But the major argument of the article is that the domestic consumption of Australian wines has decreased. The reason is express to be conservative consumerism emerging among the Australians. To highlight this new phenomenon the article mentions the rise in sales of cheaper French wine. The figure below depicts change in determine and Aggregate supply with shift in Aggregate demand.In the news article the writer supports the decision of Fosters to dissociate itself with its wine business. As mentioned earlier, there are many reasons given for this step. The r easons