Oil Economics and Its Impact on Pakistani Auto Industry

MARKET WATCH The Market Watch contains latest developments in internationalist crude oil sets & local POL trends and its impact on Pakistan railcar Industry. 4TH ISSUE Mar 01, Mar 31, 2012 ISSUE DATE: April 01, 2012 rock oil economics & its impact on Auto Sales in Pakistan gear up through story: Mansoor Ahmed, DM (TM&CC) Supply Chain Management Mansoor Ahmed, DM (TM&CC) Supply Chain Management OIL ECONOMICS AND ITS blow ON AUTO SALES IN PAKISTAN: Introduction: anoint is prime input for the production of a wide cranial orbit of goods and services, be bowel movement it is used for transportation in businesses of all types. Higher oil prices thus increase the cost of inputs; and if the cost increases raftnot be passed on to consumers, economic inputs such as labor and capital storehouse may be reallocated. Higher oil prices can score worker layoffs and the idling of plants, reducing economic output in the short term. Changes in oil prices can also cause economic losses when macroeconomic frictions prevent rapid changes in nominal prices for final goods or for key inputs, such as wages. When a nominal increase in oil prices threatens purchasing power, the adjustment process is slowed, with multiplier effects throughout the economy.

Finally, high oil prices cause, to varying degrees, increases in other energy prices. Depending on the ability to substitute other energy sources for petroleum, the price increases can be large and can cause macroeconomic effects similar to the effects of oil price increases. The objective of this synopsis is to provide historical background of the oil price fluctuation and its effects on the economy due to macroeconomic and geopolitical situation around the world and to study and understand the blood between the oil prices and the sales of automobiles. The escalation in the petroleum prices plays a major role in the automobile industry worldwide. When the price of oil increases, it evidently alarms the automobile industry because the auto... If you want to get a full essay, order it on our website: Ordercustompaper.com

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