San Diego’s economy is picking up speed in ways that may lead to greater employment opportunities. According to the U.S. Department of Commerce, San Diego realized $18.6 billion worth of goods which is a substantial increase of over $700 million from 2013 ( 1 ). Should the city expect increasing employment opportunities in the near future? The majority of exports was in computers and electronics, transportation, machinery, plastics and rubber, metal, and processed food. In these sectors greater sales often lead to greater profits and expansion of buyer networks that often leads to production expansion for companies. Corporations expand production to sell more items while seeking to increase their returns from economies of scale. Expanded production sometimes leads to more efficient operations which in turn impacts profit margins. Profit margins stoke the fire of expansion as firms have healthy returns and seek to maximize those returns through additional investments.
Showing posts with the label san diego economy
- Other Apps
San Diego has a long and deep history as a waterfront paradise that boasts a history of innovation and bio-based development. Using local fishing activities as a case sample, it is possible to obtain a glimpse of a much bigger system at play that when both resonate in sync profound economic growth can result. "Sync" in this case means bringing the right economic elements into a dynamic organism and feeding them with the right legislative environment that mushrooms growth. The report will discuss San Diego as a fishing entity but also explore the basic underpinnings of economy through the small fishing fleet in the area. The example will help define economic clusters that create international hubs and come to some conclusions. The case review moves from a specific example of clustered fishing networks to larger economic development of a region. Some suggestions on how to improve both are offered toward the end of the work. As the report is exploratory i