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Essay / Research Paper Abstract
This 3 page paper outlines 10 different drivers that will impact on the development of manufacturing industries in a small economy. Drivers considered include, income and disposable income, exchange rates, interest rates, liquidity in the credit markets, consumer confidence, employment levels, technology and supporting or complimentary industries. The bibliography cites 5 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TE10drive.rtf
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Unformatted sample text from the term paper:
be general and specific to the industry. One of the main drivers for the manufacturing industry will be the general state of the economy so some drivers will be
linked to the economy. The manufacturing industries make goods to be sold, there has to be sufficient disposable income available to support the sales of those goods. This is
reflected in the aggregate demand that is in an economy. Where the aggregate demand is increasing there is an increased need for goods, where there is a decrease then
there is fall in the demand for manufactured goods. Therefore, a major driver will be the level of disposable income that is available within the economy. Larger manufacturing industries may
suffer more during downturns, as larger more expensive goods are more likely to be repaired rather than replaced (Thompson, 2007). There are likely to be changes with decreases and then
increases in the level of disposable income. Unemployment may also be a driver, or rather employment, this is also linked to disposable
income. Higher employment levels increase the level of income available to spent in an economy, whereas higher unemployment level will reduce the level of income available in an economy to
make the purchases it will also increase the pressure on government spending on the welfare state and government borrowing that will have a further impact on the economy (Nellis and
Parker, 2000). The level of consumer confidence will also be a driver, even if there is disposable income if there is low
consider confidence then it is more likely that there will be higher levels of savings, which reduces the amount of money to buy manufactured goods. Increase or high confidence will
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