Kariega is a small town in the Eastern Cape, surrounded by automotive industry giants such as Volkswagen South Africa and Goodyear. These industries (directly and indirectly) generate thousands of jobs. These jobs vary from more specialised jobs such as production, industrial and electrical engineers to information technology specialists and nurses to general assembly workers and canteen staff. The community directly surrounding the factories are generally living in informal settlements where poverty and unemployment levels are high and education levels are low. The Eastern Cape is one of the most poverty‐stricken provinces in South Africa and the presence of the automotive industry in this area is critical for sustained job provision and continued job creation. Thanks to the engine manufacturing section of the factory and passenger vehicle manufacturing for both the local and export market, additional jobs are also created as certain local components being required for vehicle manufacturing. Fully assembled vehicles also require transportation to either local car dealerships or transportation to one of the local harbours for export to the international market. Furthermore, the company runs various initiatives to upskill its employees in addition to various community educational projects and bursary schemes. Based on the scenario provided, identify and discuss (with the help of specific examples from the scenario), the power variables that are at play.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
100%

Kariega is a small town in the Eastern Cape, surrounded by automotive industry giants such as Volkswagen South Africa and Goodyear. These industries (directly and indirectly) generate thousands of jobs. These jobs vary from more specialised jobs such as production, industrial and
electrical engineers to information technology specialists and nurses to general assembly workers
and canteen staff. The community directly surrounding the factories are generally living in informal settlements where poverty and unemployment levels are high and education levels are low. The Eastern Cape is one of the most poverty‐stricken provinces in South Africa and the presence of the automotive
industry in this area is critical for sustained job provision and continued job creation. Thanks to the engine manufacturing section of the factory and passenger vehicle manufacturing for both the local and export market, additional jobs are also created as certain local components being
required for vehicle manufacturing. Fully assembled vehicles also require transportation to either local car dealerships or transportation to one of the local harbours for export to the international market. Furthermore, the company runs various initiatives to upskill its employees in addition to
various community educational projects and bursary schemes.


Based on the scenario provided, identify and discuss (with the help of specific examples from the
scenario), the power variables that are at play.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Antipoverty Policy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education