This essay will provide the essential economic questions discussed in the article. To explain the precise means, five simple questions will be used to evaluate the article. The questions are: What exactly is happening to Toyota? Why does this happen? Who wins and who loses? Is this important and why? What can be done to prevent or make the situation more flexible?Toyota, the famous car manufacturing magnate, will abruptly end its engine and vehicle production in Australia by 2017. This decision was also influenced by many different factors. as knowing that the automobile industry is economically demanding. The fact that car production in Australia was already in decline made a transformation possible, as did the country's high costs and low productivity. This can be seen, according to Paul Bloxham, HSBC's chief economist, as "globalization" whereby Australia could achieve the same level of low-cost production as other manufacturing regions of the world. Toyota felt that the Australian dollar was extremely high and, in this case, was preventing the company's exports from operating sustainably, thus making trade unsuccessful. As the engine and car production business became an integral part of the global manufacturing market, many cheap production areas were established, which reduced the size of the Australian industry. Excess production, combined with a significant increase in new inventory, will force manufacturers to inflate the prices of their products. In order to manufacture automobiles, products such as iron, steel and magnesium are used, the price of which has recently increased due to high demand, affecting and increasing the average price of a vehicle..... .. middle of paper. ....Australia was inevitable. This approach is now vital to ensure that “displaced” workers receive the full support of other parties and the government by helping them find new employment or simply being retrained and integrated into a new industry (Gahan, 2014). Government support is absolutely necessary so that economic and social costs can be increased as much as possible, accompanying new business investments in the districts where Toyota was based. Works Cited Miller, J. (1996). Automakers are preparing for the 21st century. Rubber and Plastic News, 26(3), 24-28Marjorie, S. (1997). Straight from the top. Automotive Industries, 177(11), 47-51. Gahan, P. (2014). Toyota's exit was inevitable: now it's time for the government's real test. The Conversation, from http://theconversation.com/toyotas-exit-was-inevitable-now-for-real-test-of-government-23117