Two Indicators: Economics of the defense industry

Enlarge this image JASPER JACOBS/BELGA MAG/AFP/Getty Images

The Department of Defense’s proposed budget for 2024 is $842 billion. That is about 3.5% of the U.S.’s GDP. The military buys everything from pens and paper clips to fighter jets and submarines. But the market for military equipment is very different from the commercial market.

On today’s episode, we’re bringing you two stories from The Indicator’s series on defense spending that explore that market. As the U.S. continues to send weapons to Ukraine and Israel, we first look at why defense

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

Japan’s Nikkei 225 surpasses its all-time high in intra-day trading | CNN Business

Hong Kong CNN  —  Japan’s benchmark Nikkei 225 surpassed its all-time high during intra-day trading on Thursday. ...

United to resume non-stop service from US to Israel | CNN Business

CNN  —  United Airlines said it will resume flights from the United States to Israel beginning in March....

Home Depot broke labor law by firing an employee with ‘BLM’ on apron, NLRB rules | CNN Business

New York CNN  —  The National Labor Relations Board on Wednesday ruled that Home Depot violated the law by...