What impact does it have on the economy if i buy a toyota or honda instead of a chevy or ford?

Answer 1

It will have a big impact on your personal economy, and it will be of a positive nature.

Answer 2

Actually it has a positive effect on the US economy. Toyota and Honda both have huge assembly plants in United States, employing thousands of workers. Most of their earned wages go back into our consumer economy!

Answer 3

It all depends on WHAT economy you are talking about. If Japanese, then the answer is positive since your dollars count towards their export => greater GDP for Japan, and vice versa for the US. But in the long run you simply commit to effective allocation of resources, since competition will force US-based companies to reduce costs by either carrying out R&D or cutting down employment: whatever, new ways of incresing productivity (the same amount of produced goods with the same input - thus reducing price for each product and make you buy their product), or just not to compete, since the market rules will desrtoy them. Eventually the resources spent by national producers can be directed to new, maybe unexplored spheres where their effectivness will be higher.

Answer 4

you will decrease the demand for domestic cars, decreasing the demand for domestic factory work, which will increase the number of job applications at wall mart and home depot, which will increase the number of wall mart and home depot stores world wide, increase in foregn labor to supply these stores which will increase social welfare in these third world countries which will decrease hunger and disease which will increase world peace.....in short...by toyota and save the world.

Answer 5

As long as you don't keep money under the pillow and use it then its good for the economy.