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Essay Details:
Essay text:
This
study looks at the rising oil prices and their impact on the South African
economy within the framework of supply and demand, looking at the impact rising oil prices has had on demand and supply for vehicles as well as the impact on South African GDP growth. Cognisance must be taken of the fact that this slowdown in car sales is not only related to high fuels prices but is also as a result of successive increases in domestic interest rates, the introduction of the National Credit Act, high debt levels among consumers, and high levels of debt-servicing costs. For the purpose of this assignment these factors are not considered...
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Common topics in this essay:
- The Impact Of Rising Oil Prices On The South African Economy In Relation To The Demand And Supply Of New Motor Vehicles
- imports vs. domestic
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- The Economic Impact of Rising Oil Prices
- The Economic Impact of Rising Oil Prices in Automotive Industry
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