Use this resource to select an industry and learn about the products and services it provides:
NAICS (North American Industry Classification System)
Select the number next to the industry to see its subsectors, e.g., select 52 to see Finance and Insurance.
Select that same number again to read about the industry as a whole or select a sub-category. For example, Mining is 21, and Oil and Gas Extraction, a sub-category, is 211.
Review your previous chapter readings and use the resource above to develop an economic brief that is two to three (2-3) pages long in which you:
Select an industry and describe the goods and/or services this industry produces. Use the NAICS resource above to help you select an industry (and/or subsector) for your brief.
Identify this industry’s market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.)
Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes are covered in Weeks 2 through 4.)
How might government impact this industry’s market prices, output, and/or market structure? (Government intervention through price controls, industry regulations, and antitrust enforcement is covered in Weeks 2 and 4.)
This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these standards.)
Your brief should include a cover page.
Your brief should be two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
Your brief should include a minimum of one (1) reference/citation in the text.
Sector 48-49 -- Transportation and Warehousing
The Sector as a Whole
The Transportation and Warehousing sector includes industries
providing transportation of passengers and cargo, warehousing and
storage for goods, scenic and sightseeing transportation, and
support activities related to modes of transportation.
Establishments in these industries use transportation equipment or
transportation related facilities as a productive asset. The type
of equipment depends on the mode of transportation. The modes of
transportation are air, rail, water, road, and pipeline.
The Transportation and Warehousing sector distinguishes three
basic types of activities: subsectors for each mode of
transportation, a subsector for warehousing and storage, and a
subsector for establishments providing support activities for
transportation. In addition, there are subsectors for
establishments that provide passenger transportation for scenic and
sightseeing purposes, postal services, and courier services.
A separate subsector for support activities is established in
the sector because, first, support activities for transportation
are inherently multimodal, such as freight transportation
arrangement, or have multimodal aspects. Secondly, there are
production process similarities among the support activity
One of the support activities identified in the Support
Activities for Transportation subsector is the routine repair and
maintenance of transportation equipment (e.g., aircraft at an
airport, railroad rolling stock at a railroad terminal, or ships at
a harbor or port facility). Such establishments do not perform
complete overhauling or rebuilding of transportation equipment
(i.e., periodic restoration of transportation equipment to original
design specifications) or transportation equipment conversion
(i.e., major modification to systems). An establishment that
primarily performs factory (or shipyard) overhauls, rebuilding, or
conversions of aircraft, railroad rolling stock, or ships is
classified in Subsector 336, Transportation Equipment
Manufacturing, according to the type of equipment.
Many of the establishments in this sector often operate on
networks, with physical facilities, labor forces, and equipment
spread over an extensive geographic area.
Warehousing establishments in this sector are distinguished from
merchant wholesaling in that the warehouse establishments do not
sell the goods.
Excluded from this sector are establishments primarily engaged in providing travel agent services that support transportation and other establishments, such as hotels, businesses, and government agencies. These establishments are classified in Sector 56, Administrative and Support and Waste Management and Remediation Services. Also, establishments primarily engaged in providing rental and leasing of transportation equipment without operator are classified in Subsector 532, Rental and Leasing Services.
note; the assignment is to be done on The transportation and
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