Why might taxi companies in other cities own their cars

Reference no: EM132124206

Question: Unlike the pin makers after the boss arrives, employees in some businesses do provide their own capital goods.

a. In some cities taxi drivers must buy their own cars or lease them from an approved agency rather than operate cars from a fleet owned by the company they work for. What are the characteristics of cabs and drivers (and possibly cities) that would lead to this relatively unusual outcome? Why might taxi companies in other cities own their cars?

b. Haircutters at salons often own their own scissors and blow dryers. Is your explanation for this phenomenon the same as your explanation of why taxicabs might be owned by their drivers?

c. Which types of construction workers (e.g., carpenters, electricians, bricklayers) do you expect will own their own tools and which will not?

Reference no: EM132124206

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