Supply And Demand
Job Applications of Supply and Demand
To understand why the U.S. economy cant seem to master a stronger recovery, it helps to look for clues in Victorville, Calif., where 500 unused and unwanted passenger jets, some of them are brand new, sit wingtip to wingtip in the desert. Or in Detroit, where the Big Three continue to churn out large numbers of passenger cars that they sell at little or no profit, just to keep their factories busy. Or in nearly every major metropolitan area, where office vacancy rates are still rising after 18 months, and have reached 25 percent in Dallas, 24 percent in Raleigh-Durham, N.C., and 18 percent in San Francisco. The best explanation can be found in those falling prices shoppers find for clothing, televisions, hotel rooms and cellular phone service. While the bargains are great for American consumers, they are being paid in the form of continued corporate layoffs, lackluster stock prices and a sky-high trade deficit, which has an economy thats having trouble building up a head of steam.
?Economists refer to this phenomenon as overcapacity, which is really nothing more than too much supply chasing too little demand. And it can be found these days
demand, supply, percent, population, labor, growth, occupations, force, services, period, projected, over, employment, size, opportunities, increase, 2010, 2000-10, training, requiring, prices, out, million, grow, group, goods, expected, education, economists, degree, continue, categories, spending, share, require, industries, growing
