Answer to Question #62326 in Macroeconomics for Jomabelle Lemu

Question

If I am in the industry of assembling double-decker bus, does it mean that the industry players are those who assemble double-decker bus also or it includes those who assemble single-decker bus, the bus operators, the suppliers or even those who manufacturing other vehicles other than bus?

Answer 1

If you are in the industry of assembling double-decker bus, then if we consider only the double-decker bus industry it means that the industry players are those who assemble only double-decker bus, but if we consider the automobile industry at all, then it includes those who assemble single-decker bus, the bus operators, the suppliers or even those who manufacturing other vehicles other than bus.