The concept of senior citizen day activities is linked with the World Senior Citizen's Day that is celebrated every year on 21 August. The day is dedicated to releasing awareness in society about the issues that affect older adults. For example- the factor of age deterioration to elder abuse. The day, therefore, creates a heightened awareness of these themes.

1. What are microeconomic and macroeconomic issues that are likely to affect senior day activities over the next five years?

Answer: On an individual level, there has been a great impact of microeconomic factors on senior day activities over the next few years. These issues are:

• The personal interest of citizens.
• Lack of suitable recreation plays.
• Diversity of interests, strengths, and abilities.
• The requirements of every citizen differ, etc.

Some macroeconomic issues:

• Funding criteria.
• Need for enhancing health and wellness.
• Government concerns and initiatives, etc.

2. What monopolistic traits do senior day centers have?

monopolistic competition describes the market condition and level of competition in the market that consists of a large number of providers serving the same service. For example, many countries in Asia including most developing countries informally use government-established elderly care, however, they mostly prefer the traditional methods of aged care by younger generations of family members. In the US economy, the government must take care of senior citizens. In the United States, therefore, most of the large multi-facility providers are publicly owned and managed as for-profit business processes.

3. What are the major economic applications that can be applied to activity centers for senior citizens? (Please explain how this relates to Economics with examples).

The major economic applications that can be applied to activity centers for senior citizens must include benefits like- pension credit, winter fuel payment, disability living allowance, free travel allowance, free eye-tests, etc. All these elements are part of government assistance and must include as an important part of government spendings.