How does the movie Tucker: The Man & His Dream, relate to economics? please answer, i need to type an essay?

Question

How does the movie Tucker: The Man & His Dream, relate to economics? please answer, i need to type an essay that is two page long, 12 font Times New Roman, and double space

Answer 1

How it relates to economics? You need to discuss monopoly vs. the free market. They used to say, "build a better mouse trap and the world will beat a path to your door" which is true in a free market but not so when ingenuity is stifled by the power and corruption inherent in monopoly. What Tucker did was to use government loans (which he had every right to) to design and manufacture his own automobiles. However, in the '40's the Big Three automakers (Ford, GM and Chrysler) were so powerful that they used their connections in Washington to put him out of business because they feared the competition. The Tucker was attractive, superbly engineered and safe. He was the first to consider safety features; seat belts the most important but also 3 lights in the front rather than 2 for better visibility at night. You'll have to rent the movie or Google his name to find all the features his car offered that Detroit didn't. Monopolies make for stagnation, higher prices and inferior products and services. Free markets allow for ingenuity, lower prices and progress. Two more points: His car was economical and of the 50 that were built, something like 47 or so were still in good condition 40 years later when they made that movie.

Answer 2

"Tucker" relates to economics in a very real sense because is shows how the inventions which we use are all driven by economics. It was not enough that Tucker designed a great car, it also had to be economically feasible to build and market the car at a profit. People had to be willing to pay to develop
the prototypes if the car, and when the research and development was done, customers had to be willing to pay for the quality they were receiving. The whole success or failure of his project hinged upon economic feasibility.

Answer 3

"Tucker" pertains to economics in an particularly actual experience because of the fact is exhibits how the innovations which we use are all pushed by ability of economics. It grew to become into not adequate that Tucker designed a brilliant automobile, it additionally had to be economically achievable to construct and industry the vehicle at a income. people had to be keen to pay to enhance the prototypes if the vehicle, and whilst the examine and progression grew to become into carried out, shoppers had to be keen to pay for the customary they have been receiving. the full fulfillment or failure of his undertaking hinged upon financial feasibility.

Answer 4

He had too much vision....the car was too advanced, the public wasn't ready for it. It cost more than its' competition. Tucker gave the world what HE wanted, not what the world wanted.

That get you started? Maybe watch the movie as well!