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Essay

Automotive Industry

Essay specific features

 

Issue:

Business

 

Written by:

Rhonda H

 

Date added:

April 22, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1758

 

Was viewed:

6366 times

 

Rating of current essay:

 
Essay content:

Households must determine what amount of their hard-earned income to allocate to certain necessities. Because most households have a budget, the amount spent on transportation it limited. While most industries have an effect on the economy, the automotive industry has far-reaching implications for most Americans...
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Not only are the workers affected but the many spin-off jobs created as well as the consumers that must purchase the automobiles manufactured. The automotive industry is considered elastic. The prices fluctuate depending on supply and demand. For example, when the economy takes a downturn and car sales are down the automakers attach incentives to the purchase of new vehicles to stimulate sales such as interest-free loans, rebates and lowered prices to encourage Americans to purchase their goods...
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