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Answer to Question #62326 in Macroeconomics for Jomabelle Lemu

Question #62326
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?
Expert's answer
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.

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