reply to discussion
1956 Federal-Aid Highway Act, was enacted under President Eisenhower, which proposed building approximately 40,000 miles of the interstate highway system in 10 the next ten years to make it easier to transport goods and passenger travel. Thus, making it easier to do business by reducing the cost and time in traveling people and goods from one place to another across the United States.
* By reducing transportation time and cost, significantly increased the productivity of physical capital for businesses.
* Other examples of economic concentration in the defense industry. The firms manufacturing state-of-the-art defense systems in the world have a massive amount of capital at their disposal to innovate, invest and build the best weapons in the world.
* Some risks with economic concentration are domination and manipulation by large firms, which may kill the competition in the industry.
* Advantages of economic concentration are that it leads to capital accumulation which creates innovation and leads to technological improvement.
* Most of the industries have been benefitted in the form of higher productivity due to economic concentration.
Reference
Federal-Aid Highway Act of 1956: Creating The Interstate System. (1996, July 15). FHWA. https://highways.dot.gov/public-roads/summer-1996/federal-aid-highway-act-1956-creating-interstate-system