Monday, June 30, 2008

Learning Economics Through Cartoons

Those are among the common economic problems shared by the US & UK economy. Probably President Bush & Mr. Gordon Brown both have no idea as to which problems to be tackled first as all of them come at the same time

In US, the big-3 automobile manufacturers namely Ford, General Motors and Daimler Chrysler have been on a consistent basis of losing their market share to Japanese rivals, Toyota & Honda. US made cars are well known for its bulky size since there are emphasis on safety features. Bulky means heavier & thus greater fuel consumption

US economy is suffering from the 'beating' of high oil price which had exceeded US $ 140 few days ago. This will definitely send US economy to a deeper level of recession

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