Economics is all around us. For many people in the automotive industry, it’s a part of their daily lives whether they realize it or not. This series of articles will touch on a subject of economics and will expound upon it as my personal knowledge and understanding of economics grows.

There’s been no other subject that’s piqued my interest and honestly got me more excited than when I was learning about the fundamental principles of Economics taught to me in College. Unfortunately, like all things you don’t go over and study, while most of those principles I’ve forgotten about can’t be recalled, when my brain does make connections with economic fundamentals from long ago, the enthusiasm and excitement remain.

Let’s get this on the table. I’m an amateur when it comes to Economics. High schoolers at an Econ 101 level probably know more about economics than I do at the moment. Nevertheless, I will write about economics as I systematically relearn some of these basic concepts and apply them to the automotive world.

I will use this page to update a list of topics that I go through and organize them as neatly as possible.

So, I hope you enjoy this series and the new category to “Tire Meets Road.” Join me on my journey as I relearn some of these basic economic principles, blogging about them along the way.

  1. Misc
    1. Service as an intangible good and why this V.W. owner was upset about a $530 bill to replace his horn and diagnose two other issues. (Cross-reference 19.1 GDP.)
    2. Tires as non-durable consumer goods and why tire shops thrive in low-income neighborhoods 

 

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here