This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
4/10/2006
Defense spending remains the leading source of revenue
Defense spending remains the leading source of revenue for the US industry. The defense budget continually increases the revenue. Leading areospae companies have stopped focusing on commercial business and instead focus on defense outputs because greater profit is made here. Fighting terrorism has casued increased cost in the field of areospae due to new regulations but it has also boosted profits for companies with defense contracts.
Subscribe to:
Post Comments (Atom)
1 comment:
-1 on Will's post for grammatical errors.
-1 on Bryce Larkin's comment for grammatical errors.
There are some practical issues here, as Rico pointed out, but most of this is just hyperbole.
Defense spending is about 5% of GDP. It is not, and cannot be where most funding is coming from. Furthermore, most of that goes to compensation for employees, not back to firms for merchandise.
The unquestioning acceptance of nonsense like this is one of the things that makes teaching economics so hard.
Post a Comment