Stability and progress in the aircraft industry : an inquiry into the factors, favorable and unfavorable, to stability and progress

• Main Author: Clark, Robert Carl
• Format: Others
• Published: Scholarly Commons 1957
• Subjects: Aircraft industry; Business; Economics
• Online Access: https://scholarlycommons.pacific.edu/uop_etds/1334; https://scholarlycommons.pacific.edu/cgi/viewcontent.cgi?article=2333&context=uop_etds

Stability and progress are among the most important factors for study in an economic analysis of the aircraft manufacturing industry. Stability of an industry of such critical importance reduces the extreme dislocations associated with a free enterprise economy during business cycle fluctuations. Stability contributed to the maintenance of a high level of gross national product, employment, and income at local, regional and national levels of the economy. In addition, stability is essential to progress and is, therefore, of vital concern to the aircraft manufacturing industry, individual firms, the Federal Government, and the economy as a whole. Progress is required at a pace sufficient to maintain the healthy competitive situation existing within the industry at the present time. In addition, progress is necessary to assure the highest attainable degree of national security. Furthermore progress, as measured by the gross national product, should annually advance rapidly enough to insure adequate investment opportunities and unhindered expansion of the national economy. In a dynamic free enterprise economy, attainment of stability and progress simultaneously is exceedingly difficult to achieve. This nation’s economic well-being and national security dictate that stability and progress be maximized in the foreseeable future.