Wednesday, November 14, 2012

Topic 13: The Return of the Zeppelin


The Zeppelin and Airship ventures use the costumer’s preferences to cause their return. Furthermore, the rise in income of the people who wants to enjoy a new and fascinating ways of traveling up in the air and also enjoying the view contributes to the return of the airship companies. Those are the determinants of demand that influence the economic condition of the airship companies. The determinants of supply of technology have also helped the return of Zeppelins. The balloon is now filled with helium instead of hydrogen, less dangerous in many aspects in which secures the consumer's fear of the Hindenburg Accident occurring. The technology advancement has led to the success and prosperity of the newly released Zeppelin and the airship industry. The market of the Zeppelin is a monopolistic market because it is the only company in the US that runs the market. However, in the old times, the market is a oligopoly which small amount of companies are competing in the market. Change in all the things of tastes, income and amount of buyers can all make this market very successful. As people get tired of ordinary airliner, they would select a new, different way of travel, same as when their income rises, they would spend more money on activities. They have never done before rather than continuing those that they have done already.