Principles of Micoroeconomics, Student Value Edition
Principles of Micoroeconomics, Student Value Edition
11th Edition
ISBN: 9780133024265
Author: Karl E. Case
Publisher: PEARSON
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Chapter 10, Problem 19P
To determine

Lack of zoning laws and the housing market crisis.

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Kariega is a small town in the Eastern Cape, surrounded by automotive industry giants such as Volkswagen South Africa and Goodyear. These industries (directly and indirectly) generate thousands of jobs. These jobs vary from more specialised jobs such as production, industrial andelectrical engineers to information technology specialists and nurses to general assembly workersand canteen staff. The community directly surrounding the factories are generally living in informal settlements where poverty and unemployment levels are high and education levels are low. The Eastern Cape is one of the most poverty‐stricken provinces in South Africa and the presence of the automotiveindustry in this area is critical for sustained job provision and continued job creation. Thanks to the engine manufacturing section of the factory and passenger vehicle manufacturing for both the local and export market, additional jobs are also created as certain local components beingrequired for vehicle…
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