Microeconomics Principles in Flying Automobiles Industry

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Table of Contents

Introduction
Housing Sector
Transportation
Healthcare
Defense
Education
Other Implications
Conclusion
Works Cited

Introduction

If we imagine that American scientists managed to develop a workable concept of a flying automobile, even if it flies at a lower elevation, numerous consequences for various spheres of life can be predicted. Such spheres as consumption, housing, transport, healthcare, education, defense, and many others would face serious changes.

The Impact on Consumption, Supply and Demand, and Prices

The invention of flying automobiles has lead to notable changes in this sphere. Of course, customers prefer flying cars to non-flying ones for the superior benefits of the former. The fact that many models of flying cars come at available prices makes their choice even more obvious. For these reasons, the overwhelming majority of automobile companies had to switch to producing flying cars. A serious advantage of flying automobiles is that they can be transported quickly to the selling point; quick distribution allows companies to ensure the greater satisfaction of the customers (Distribution Channels par. 5).

The described changes have influenced other sectors of industry and business as well since flying automobiles are used for delivery purposes. Now that necessary equipment, detail, or even pizza can be delivered in a few minutes, people have become more likely to order something they need. The growing demand has lead to an increase in the rates of production.

The outcomes of the revolutionary invention for the regular automobiles are not flattering. No new models are in supply, the firms that do not switch to producing flying automobiles face a serious decline, and their popularity has decreased significantly. However, the conservative individuals repulsed by changes and those, who cannot stand flying, are at perfect liberty to buy whatever land car they want, for the prices have dropped dramatically. It can be said for sure that flying automobiles have literally changed the global economy.

Housing Sector

The sector of real estate is also strongly influenced by the invention of flying cars. Due to the changes in transport and commutation, which are described further, more people start living in suburban or rural areas. Living in a separate house with a yard and domestic facilities is preferable to living in an apartment for many people. In previous years, the problem of getting to the workplace and places of entertainment and going shopping prevented many individuals from renting or buying a house in suburbia or rural area. Now that the problem of transportation is sold, the demand for suburban and rural houses increased remarkably; so did the prices. Conversely, the prices for apartments in urban areas have dropped because of the decreased demand. Companies are more interested in building and owning houses in suburban and rural areas than in urban ones.

Transportation

The airline industry has had to face severe competition with flying cars. Airline companies had to focus on transoceanic and large flights rather than minor flights, which have become the domain of flying automobiles. Airbus has gone bankrupt, and now Boeing has nearly monopolized the production of aircraft. In addition to this, the relationship between consumers and producers in the sphere of airline services has changed completely. Before flying cars, consumers had little power over service providers (Investopedia Staff par. 13). Now that consumers can choose to fly by car anytime, the providers of airline services have to look for new ways of increasing customer satisfaction.

As it was already mentioned, it has become much easier to commute. A flying public transportation system has also been developed. For some people, it is a cheaper and more convenient choice. At the same time, the demand for land public transportation has decreased, which led to the bankruptcy of railway companies. Multiple firms providing the services of flying taxi have been created.

The changes in the mode of transportation have also caused changes in the surrounding forms of business. Repair services, details production, and other related things have changed completely. Garages and parking lots can now be build anywhere, even on the second floor, which allows to free more space outdoors.

Traffic regulations, road rules, and driving etiquette have also been altered. The government officials have become extremely concerned about this matter once flying automobiles were launched. In the air, the driving conditions are completely different from those of the land: no such things as road marking or traffic lights can be established, there are three dimensions rather than two, and there are no pedestrians. Flying traffic police has been created to control the situation. Similarly to land driving, the doctrine of last clear chance (the rule, according to which a driver is expected to avoid damages at all costs) (Last Clear Chance par. 1) is employed in the air. New safety measures have also been developed. In flying cars, closing the door without blocking it is not an option; opening doors require pressing a combination of buttons to prevent accidental openings; and safety belts are mush stronger than in regular cars, especially in flying cabriolets.

Healthcare

In the sphere of healthcare, significant changes are present as well. Healthcare specialists now have to pay attention to an increased number of people, who have suffered in air accidents, face various disorders connected with frequent flying or are concerned about the impact of flying on their health. Furthermore, they have to find ways to make air trips easier for infant children. A flying ambulance has been created, which allows to transport patients to clinics much faster than before. Thanks to this, more people manage to survive after accidents or sudden breakdowns. However, car accidents have become much more horrific than it was earlier. Flying cars can hit buildings, people can fall off despite the safety measures, and when cars hit one another, the details may fall down and injure someone on the ground.

Medical professionals have to develop the official regulations that drivers and passengers of flying automobiles have to keep in mind and occasionally update these regulations based on the latest research results. These regulations explain what speed is preferable for the human health, how to deal with sudden dizziness, what illnesses require that a patient postpones an air trip, how long should be the time gap between a meal and a trip, etc. Therefore, medical professionals need to perform research in this direction constantly. Mental health workers now have to deal with individuals, who have disorders or fears connected with flying. Since flying is now an integral part of the lifestyle, people have to overcome their fears.

Defense

It is known that the achievements of industry have a direct and immediate impact on defense (Watts 2). The new concept has been employed by defense firms as soon as the product was launched. Since flying cars unite the advantages of a car and a helicopter, the Army has gratefully accepted it. Flying cars were found to be especially useful in guarding borders. Since the concept has gone global, defense firms are now developing special weapons that are able to take down flying automobiles.

Education

Similarly to other spheres of life, education has been affected by the influence of the new invention. Both the infrastructure and content of education have changed. Before flying automobiles, the problem of students, who could not afford to leave on campuses, has been plaguing education (Simmons par. 1-10). Nowadays, the situation has improved significantly. With the help of flying cars, students from remote areas can get to their schools quickly, and they do not need to live on campus. The situation has affected the faculty as well. Thanks to flying cars, one professor can work at several colleges or universities at the same time.

To ensure that new flying cars would be produced and further developed, new directions of education were created, as well as new subjects and topics were added to the curricula of the existing directions. For instance, healthcare students and psychology students now have an option of studying the problems connected with flying. Students can major in air public transportation, flying automobiles production, etc. At business classes, the case of flying automobiles and their immense impact on the global economy will be presented in textbooks, studied, analyzed, assigned as an essay or research paper topic, and discussed in different ways. At military educational institutions, students have to study the issues connected with the use of flying cars in defense. Driving classes, of course, are focused on flying automobiles. At schools, students are taught basic safety measures and the rules of first aid during a flight.

Other Implications

The invention of flying cars has lead to significant consequences in other spheres. Food habits have changed since fresh food has become easy to deliver. Retaining workforce has become easier thanks to the facilitation of commuting. Young people started socializing in real life rather than online due to the fact that flying cars and cheaper air tickets allowed them to get to their numerous Internet friends (Quinn par. 1-3) quickly and often. Business negotiations have also been facilitated, for flying cars and cheap airplane tickets allow business partners to get to each other quickly. The invention has triggered alterations in laws regarding the production and use of flying automobiles; a different punishment for drunk driving had to be established since air driving is more dangerous than land driving. Ecologists have become seriously concerned about the impact of flying cars on climate, agriculture, and the behavior of birds.

Culture has also been affected by the invention. The worlds languages had to accept new expressions related to the use of flying cars. New idioms have emerged from the lexicon of flying car drivers. Specific jokes appeared regarding these cars. Numerous websites with funny stories about flying car driving were created, as well as TV shows and radio broadcasts for flying automobilists. Flying cars had to appear in movies. The actors, who were unable to fly for health reasons, had to cope or use stunts, which has increased the chances of a skilled driver to be hired as a stuntman or stuntwoman.

Conclusion

Overall, the invention of flying cars may have a significant impact on the economy. Not only would business be affected but also lifestyle, health, defense, law, and culture.

Works Cited

Distribution Channels. 2015. Web.

Investopedia Staff. The Industry Handbook: The Airline Industry. n.d. Web.

Last Clear Chance. n.d. Web.

Quinn, Ben. Social Network Users Have Twice as Many Friends Online as in Real Life. The Guardian 2011. Web.

Simmons, Andrew. Not Everyone Can Afford the All-American On-Campus Experience. The Atlantic 2014. Web.

Watts, Barry D. The US Defense Industrial Base: Past, Present, and Future. Washington, DC: Center for Strategic and Budgetary Assessments, 2008. Print.

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