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How economic concentration in area chose influenced

Assignment Help Macroeconomics
Reference no: EM132914384 , Length: word count: 1050

Select 1 of the economic concentrations (clusters) below:

  1. Seattle-Tacoma-Olympia, WA aerospace / defense industry
  2. Central California winemaking industry
  3. Hollywood movie industry
  4. Silicon Valley Technology hub
  5. Texas / Louisiana Gulf Coast crude oil and natural gas production and refining
  6. Pre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration

Write a 700- to 1,050-word paper evaluating economists' assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:

Question 1: Analyze how the economic concentration in the area you chose was influenced by competition and pricing.

Question 2: Analyze how the economic concentration in the area you chose influenced the supply chain.

Question 3: Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.

Reference no: EM132914384

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