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>teach something about how free markets work Teach them about bailouts as well. What should a teacher answer when someone makes the point that Boeing is the o
by barelyauser 4y ago
>teach something about how free markets work
Teach them about bailouts as well.
What should a teacher answer when someone makes the point that Boeing is the only airliner manufacturer in the country?
- WalterBright 4y agoThe history of airliner companies in the US is fairly complicated. There's a large governmental aspect of it, in the form of military aviation, and private aspect, the commercial aviation industry. It's intertwined. One answer is that it is so expensive to develop a new airliner, and so expensive to set up a production line for it (each one is pretty much a "bet the company" thing), and the market for airliners is so limited, that there isn't room for many manufacturers. As for bailouts, Boeing's competitor Airbus is funded by the European taxpayers. This topic is more suitable for college level. In grade school, simply dissecting how a lemonade stand works is good for starters.