The mass production of automobiles in the 1920's affected the economy of the United States because mass production made technology affordable to the middle and lower classes because the mass production made it cheaper and quicker to build so more people could afford them. Because of this it developed all sorts of businesses that required transportation. The automobile industry's effects contributed to the construction of highway buildings, motels, service stations, used car dealerships and new housing outside the range of mass transportation.
It was the best transportation.
The auto industry oligopoly limits consumer choice by reducing the number of competitors, leading to less variety and potentially higher prices. Competition is also limited as the few dominant firms may collude rather than compete aggressively.
Yes, the auto industry is considered an oligopoly because a small number of large companies dominate the market and have significant control over pricing and competition.
our mixed economy would become less of a command and more of a traditional economy.
Auto Industry, Airline Industry, Soft Drink ( Pepsi, Coke, Cadbury-Shweppes )
It didn't!!
It was the best transportation.
the auto mobile quickly became popular followed by radios and other technology
The driving force of the American economy and what makes it unique is its financial industry. Credit cards, mortgages, auto loans etc allow Americans to get what they want sooner than those in other countries who save. I personally think that this is not a very good thing but at the moment the financial industry is driving the american economy.
The auto industry. Statistically, flying is the safest way to travel.
Auto Industry Textile Industry is a couple for starters
it means auto
Michigan was and is overly dependent on the domestic auto industry. With the near-collapse of that industry, the economy of Michigan is unable to generate enough jobs for the population. Residents move out of the state for employment opportunities.
Here in the USA. GM is the largest auto industry. They own Pontiac, hummer, GMC, and more!
no
Most sources credit President Obama with taking the initiative to rescue the auto industry.
The auto industry oligopoly limits consumer choice by reducing the number of competitors, leading to less variety and potentially higher prices. Competition is also limited as the few dominant firms may collude rather than compete aggressively.