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Usa Automotive Industry Research

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Most of the world car manufacturers are large multinational corporations with hundreds of thousands of employees, operating in four corners of the world. This industry stimulates a number of other vital economic activities, such as oil and iron production and purification, high tech development (modern cars are equipped with a number of highly complicated devices), etc...
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This is why the study of the economic tendencies, observed in this industry is relevant and important. Shifts and price elasticity of supply and demand As any field of production, automobile industry tendencies are being determined by the demand and supply curves and their combination. The general rule is the same – the higher the price grows, the less people are inclined to buy, but the more manufacturers are willing to sell; vice versa – the lower the price falls, the less the firms wish to trade and the more enthusiastic the consumers become...
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