Industrial Structure of the United States (10th Edition)

Author: Walter Adams, James W. Brock (eds.), Xinfeng Feudal, Jia Yu
Publisher:
Publish Date: 2003-01-01
Features: This book analyzes the history, market structure, market behavior, market performance, and public policy issues of the industry, examining its past to predict its future. It also explains the degree of competition and monopoly in various industries. Since different industries have distinct characteristics, the authors employ varying analytical methods. The book examines 12 important industries in the U.S. economy, including agriculture, oil, tobacco, brewing, automotive, computer, film and entertainment, aviation, commercial banking, healthcare, telecommunications, and university sports. Among these, there are pillar industries of the U.S. economy, foundational industries, and those that are frequently debated in U.S. economic policy. Through the analysis of these industries, we gain a deeper understanding of the current economic structure of the United States. The final chapter focuses on public policy issues in a free enterprise economy. For each introduced industry, the book analyzes its history, market structure, market behavior, market performance, and public policy issues, examining its past to predict its future, while also explaining the degree of competition and monopoly in each industry. Due to the varying characteristics of different industries, the authors employ different analytical methods. However, fundamentally, the authors use inductive rather than deductive methods to explain the surface phenomena and underlying meanings of each industry.