Reprot of Automotive Industry in Uk

1.0SUMMARY This spread over has been requested by the Institute for the Examination of earthly concern Policy (IEPP) to report on the UK governments newley tell policy on the discipline of ultra- low emission vehicles. The report explains in details the economic coordinate of the global upsurge volume elevator car industry, explains and analyses the government policy of attempting to foster the development of a significant Tier 1 electric car component supplier in the UK and concludes with our group expert compend whether this policy is going to lead to the establishment of high added appraise electric vehicle component industry in the realm that will provide significant levels of employment. 2.0 METHODS This report has been created based on various articles, journals, textbooks, online websites as well as economic lectures that would be referenced in the end of this report. 3.0 ECONOMIC STRUCTURE OF THE orbicular AUTOMOTIVE INDUSTRY 3.1MARKET STRUCTURE OF AUTOMOTIVE INDUSTRY- THEORY The market structure of self-propelled industry is dominated by a pure number of large venders. This type of market structure is called oligopoly. The seller can change the price of the crossroad, however the reaction of the competitors is non known.

The competitors in the act of price change may add or decrease prices and volume as a restrain respond, or as well they could remain stable. Oligopoly in the automotive industry is continuous in product differentiation that gist that products are different one from another. Oligopoly allows competition in a major market although the product is mostly identical that leads to commonly independent competition. Prices mostly are set up by the market itself and if any of the competitors decide to increase the price of the product that will lead to lose market share and what is more than lose of profit. Automotive industry is very global that break off large centralised factories with suppliers from all over the world. Tier... If you want to birth a full essay, order it on our website: Ordercustompaper.com

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