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The introduction of the sewing machine in 1846 prompted a reorganization of the apparel industry in general and helped transform the neckwear industry from a handicraft to a form of machine-based mass production.
what are the changes in handloom and khadi industry since independence?
auto industry is all about heavy capital expenditure. auto industry changes its models every 8-9 months. Hence, major investments are needed in dies, presses, new panels, design, software, etc. These would take up majority of the budget for capital expenditure in an auto company.
An industry that is subject to rapid, unexpected changes.
Auto Care UK offers many automobile services, including oil changes, transmission flushes, general maintenance and lubrication services. All of these are a must to keep your vehicle in check.
The American automobile industry followed the pattern of many other oligopolies. Approximately three decades ago the automobile industry had a concentration ratio of 100. All automobiles were made here in America. But since then there have been two major changes. The first was set off by the gasoline shortages we had in the 1970s. The higher gas prices that followed made fuel-efficient cars-particularly Japanese cars-much more attractive to the American buyer. Imports, which had been limited to just 10% of the market, shot up to about 30% by the mid 1980s. With about the same significance to the industry has been the beginning of the Japanese transplants, which began setting up assembly lines during the 1980s. Today these firms assemble half the motor vehicles produced in the US.
Henry Ford
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Some of the more notable changes the industry has experienced include new materials, environmentally conscious products, specialization, and technological innovation.