Legal Influences on Economic Concentration

 

 

Respond to the following in a minimum of 175 words:

Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
1862 Pacific Railway Act
1956 Federal Aid Highway Act
1946 Federal Airport Act
What other examples of economic concentration can you share?
What are the risks and advantages to economic concentration?
How has economic concentration influenced your industry?

Sample Solution

Legal influences on Economic Concentration

Economic concentration is the extent to which a market is taken up by producers within a given industry. For example, the Pacific Railway Acts of 1862 were a series of acts of Congress that promoted the construction of a transcontinental railroad [the Pacific Railroad] in the United States through authorizing the issuance of government bonds and the grants of land to railroad companies. Greater concentration is likely to enhance aggregate welfare in industries with low or moderate initial concentration that exhibit economies of scale and have greater exposure to international trade. However, consumers benefit only from increased concentration in industries whose initial levels are low and which face more import competition, lower exports and smaller markets.

named the Lorax who was the Guardian of the Forest. Near the end of the movie, The Oncleor gives Ted the last tree seed, and Ted plants it in the middle of his town back home.
Renaud and Balda portrayed the deforestation aspect of The Lorax very accurately. When the Oncelor started to cut down the trees, the wonderful creatures and features of the land started to get sick. The food source for the animals was gone, the air was being polluted by some from tree-chopping machines, and the production process of the Oncelor’s business caused oil to be dumped into the ponds where the lovely singing fish lived. The directors intentionally made the creatures of the land the most adorable little things in the world. Once the habitat was unlivable for the creatures, they all lined up and moped away from their once-perfect home creating a depressing effect for the audience.
The theme of Catholic Social Teaching that The Lorax is connected to is Care for God’s Creation. Deforestation and pollution are two major factors in this movie, both of which are going against what God asked his children to do which is to care for His creation. Catholics are called to reach out and help preserve the environment to ensure safety for humans, animals, and plants. Ted and The Oncelor work together to plant a tree, in hopes of reproducing many more trees. The two explain to the townspeople that every person must help to restore the vibrant trees that their town once new. Personally, I love this movie and I think it has a powerful message for all people. It reminds Catholics that it is their responsibility to preserve the trees!

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