Question

Example: US automobile industry - Detroit - Problem

OPTION 1: Lack of skilled labor
OPTION 2: Excessive demand
OPTION 3: Government subsidies
OPTION 4: Technological advancements

Answer 1

The decline of the US automobile industry in Detroit can be attributed to lack of skilled labor, excessive demand, government subsidies, and technological advancements.

Step-by-step explanation:

The decline of the US automobile industry in Detroit can be attributed to several factors including lack of skilled labor, excessive demand, government subsidies, and technological advancements.

1. Lack of skilled labor: The industry faced challenges in finding skilled workers to meet the demands of its growing technology-driven production processes.
2. Excessive demand: The industry struggled to keep up with the high demand for automobiles, leading to production bottlenecks and quality issues.
3. Government subsidies: The industry relied heavily on government subsidies, which created a dependency on external funding and hindered innovation.
4. Technological advancements: Rapid advancements in technology disrupted the traditional manufacturing processes, requiring significant investments in retooling and retraining.

These factors, coupled with factors like import competition, led to the decline of the US automobile industry in Detroit.