Labor Market Research

The many motor companies in the world from Bentley, Land R all over, Jaguar, and even up American cable car plants have cut the production and over time for its plant from manufacturing more than 7 days a week. They have cut the amount of time eat to 4 days a week and only 40 hours a week in order to keep the plants open. The current frugal climate has been the down fall of all these plants since the recession. Car gross sales have also dropped off in the past months because of fiscal difficulty. The price piece of cake of cars has become very elastic do to the recession. Automobile manufacturers have produced millions of vehicles for the world, and now with the price of them being so high have lost the war with the price catch of these vehicles. General Motors is on the verge of declaring bankruptcy, the parts plant Delphi crapper is already declaring bankruptcy. This makes for the biggest bankruptcy. Slumping sales has forced layoffs of thousands of employees. Because of their sales of SUVs in the past the demand has lessened for the fact of the price, manufacturing, and gas use has forced the Ford and General motor plants to close down numerous plants.

Chrysler has also become a victim in the automotive world and has started to lay off workers, given geological fault packages, and closed down plants to stay afloat in the auto wars. The price elasticity of cars has become very elastic do to the recession. Automobile manufacturers have produced millions of vehicles for the world, and now with the price of them being so high have lost the war with the price elasticity of these vehicles. There is a positive impact of the inelastic price elasticity of demand on the automobile industry because in that respect demand remains constant even if increase or decrease in the prices of the products. The impact of price elasticity of cater on the automobile industry is also positive and high. In terms of economics, the positive or the negative impact that occurs on any party or company or... If you want to bugger off a full essay, order it on our website: Ordercustompaper.com

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