The American Economy Essay -- Economics Governmental Automobiles Essay

The the Statesn parsimoniousnessThe American economy is a vibrant, free-market system that is constantly developing pop of the choices and decisions made by millions of citizens who play multiple, often overlapping roles as consumers, producers, investors and voters. The changes in the organization and movements of the manufacturing industry over the last century seduce helped effect the American economy. The Automotive industry perhaps made the biggest changes to their manufacturing processes. I get out be checking the role of the industrialist Henry Ford and his innovative methods that changed the organization and performance of the American manufacturing industry forever. He produced an affordable car, paid high earnings and helped create a middle class, which in turn fueled the America Industrial revolution into overdrive mode. I forget also review the impact of these performance and organizational changes on the service sector and the uncouth industry. But first we l ook at the automotive industry.The requirements for portion intersection of a particular commodity must include the existence of mass consumption of the commodity, sufficient to justify large enthronement. Most early motorcar companies were small shops, hundreds of which each produced a few handmade cars, predominately sold to the rich. In America al some all of the producers were assemblers who put together components and parts that were manufacture by separate firms. The assembly technique also lent itself to an expedient method of financing. It was possible to pose building motor vehicles with minimal investment of capital by buying parts on credit and exchange the finished cars for cash the cash sale from manufacturer to dealer has been underlying in the marketing of motor vehicles in the United States ever since.The big contribution of the automotive industry to technological advance was the introduction of complete mass fruition, a process combining precision, consi stency, interchangeability, organization, and continuity. America, with its large population, high measuring rod of living, and long distances, was the natural birthplace of the technique, which had been partly explored by agricultural methods, in the 19th century. The U.S. role was emphasized in the popular description of calibration and interchangeability as the American system of manufacture. The fundamental te... ... But during time of hardship, economy downturns or even long-term recession, a basic intellect of survival takes over. As a rule, consumers look for the best values for what they spend, part producers seek the best price and profit for what they have to sell. Government, at the federal, res publica and local levels, seeks to promote the public safety, assure reasonable competition. The U.S. economy has changed in other ways as well. The population and the labor force have moved dramatically from farms to cities, from fields to factories and, above all, to serv ice industries. In todays economy, the providers of own(prenominal) and public services far outnumber producers of agricultural and manufacture goods. The consumer will exert a measure of influence over the market economy. Naturally, most consumers look for good values when they buy, as well as product reliability and safety. If one automobile manufacturer, domestic or foreign, produces a reveal car at a lower price, the market will begin to shift as that car attracts more sales than its competitors. In theory, this phenomenon rewards cost-efficient producers who maintain high quality at low prices, and drives out those who cannot compete.