In the News
Capital-labour substitution at Ford
Ruth Tarrant
15th October 2015
The Ford Motor Company has recently spent £1.7bn on upgrading its largest European plant in Valencia, Spain with the latest robotics and hi-tech engineering.
- Economics
- Blog
- In the News
- Human capital
- Capital labour substitution
- Productivity
- Average cost
- Economies of scale
Ruth Tarrant
Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.
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