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Macroeconomics 5: Car Parts, Celery & The Labor Market
Planet Money Summer School
Standard Motor Is Family Run, but It's Also a Public Company
Standard motor is family run, but it's also a publicly traded company. By law, larry's job is to return value to his shareholders. That means creating auto parts at a quality and a price the people will lly by. He says he's not the one making the key decision. The decision is made when the consumer walks into walmart with two products on the shelf,. And they choose the one that's made in china.
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