The Business Philosophy And Labor

1321 Words6 Pages
This paper is about American airline, it explores the business philosophy, Effects of the Economy, business philosophy and labor. The report that follows delivers complete accounting for AA’s estimated impact on regional economies of the U.S. and its territories, including detail on straight expenditure, employment, total economic impact and contribution towards GDP. This report measures AA’s impact on the economy in two forms: the economic activity that motivates the production of the company’s profitable products, and the economic activity that supports our passengers’ non-airline travel spending (e.g. hotels, rental cars, etc.). Total Economic Influence is a measure of all incremental economic activity that underlies the manufacture…show more content…
These markets represent the top four U.S. population centers, and a geographically exclusive gateway to Latin American in Miami. Domestically in 2012, AA served nearly 200 airports in 44 states, and flew more than one million flights carrying nearly 83 million passengers. A serves more than 50 countries and territories with 3,500 daily flights. AA is also a founding member of the one world alliance, which brings together some of the top and major names in the airline business. Together, one world members and members-elect serve more than 840 destinations with more than 9,000 daily flights to 160 countries and territories. Effects of Regulation There are two predominant views in contemporary economic thought explaining the driving force behind the rule of industries. The first is the public-interest theory of rule, assumes that rule is recognized primarily for the benefit of society or some large subclass of society at the outlay of regulated firms. In this case, the government is the mechanism by which individuals in the economy express their demands to cure market failures such as public goods, monopolies, and spillover problems. One could claim that the airline industry was regulated for reasons such as national defense or limitation of monopoly powers. Therefore, the public benefited from regulation. The second view of regulation, private-interest theory, grips that regulation is sought to
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