Jacob Clifford's video: GM Closes Factories- Econ in Real Life

This week GM announced that they will close five factories in the USA and Canada. Over 14,000 workers will lose their jobs and thousands more will be negatively affected. But why? And, who is to blame? Well they are closing these car plants for of the same reason that Google stopped making google glasses. In this videos I explain how firms make the decision to discontinue a product, leave a market, or close their doors. It all comes down to costs, benefits, and ignoring sunk costs. And who is to blame? You have to watch the video. Thanks for watching. Please subscribe and let me know if you like these type of "current event" videos. Thanks again. You rock! Check out the Ultimate Review Packet www.ultimatereviewpacket.com