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... through the third parties enabling them to bargain on prices and save on the cost of production. Another highly costly problem is the vehicle inventory. Industry requires a large inventory for auto manufacturers, with different options and features. That itself is extremely costly and inefficient. GM needs to link all of its departments in one IT system. All of GM's operations should ... ...
... economy as a whole has a PPF for missiles and automobiles determined by its technology and the available resources of land, labor, capital, and raw materials. If most workers are employed in auto manufacturing, the production of automobiles will be large but the output of missiles will be small. If resources are transferred in the other direction, the mix of output can be ... ...
... are being filled or replaced by non-Americans. Where does this leave the American workers? Is this a good thing or a bad thing? About 20 years ago many people lost their auto and manufacturing jobs to outsourcing. This was first believed to be bad for the American nation. As we later found out, this resulted in a strong economic growth. Innovation created better ... ...
