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Most of the world car manufacturers are large multinational corporations with hundreds of thousands of employees, operating in four corners of the world.
This industry stimulates a number of other vital economic activities, such as oil and iron production and purification, high tech development (modern cars are equipped with a number of highly complicated devices), etc. This is why the study of the economic tendencies, observed in this industry is relevant and important.
Shifts and price elasticity of supply and demand
As any field of production, automobile industry tendencies are being determined by the demand and supply curves and their combination...
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