capital Flashcards
1
Q
why was the USA motor vehicle industry clustered in michigan in 20th century
A
the financial institutions were more williing to lend money to the pioneers than the eastern banks
2
Q
important in california silicon valley industries
A
more important than skilled labor=
availability of capital-banks are willing to provide money for new software and communications firms
3
Q
why are hightech industries risky
how many fail
A
2/3 fail
4
Q
——-of all USA capital is spent on new industries in the silicon valley.
A
1/4
5
Q
why is capital difficult for transnational companies
A
enterprises maynot get loans if they are in a country perceived have an unstable political system, in high debt, bad economic policies…
