who made the first motor car The manufacturing capacity of the UK car is ranked by the top, which can be seen from the manufacturing scope of the product and the scale of the industry involved. The British automobile manufacturing scope covers include cars, commercial vehicles, buses, bus in various fields, such as mass production can be conducted at present, the UK has seven car manufacturers, eight commercial vehicle manufacturers, 11 bus passenger car manufacturers, more than 10 large premium cars and sports car manufacturers. According to the British association of automobile manufacturers and dealers, in 2013, Britain has 1.6 million cars, rolled off the production line is equivalent to have a new car every 20 seconds, 77% of products exported to all over the world. The level of car manufacturing in the UK is also attracting top manufacturers from around the world. China's understanding of the market is mainly based on mechanical reference to western economic theory, but it ignores their assumptions and implicit assumptions. China's so-called mainstream economists' understanding of the market is more of a new classic. In other words, the market is an efficient allocation of social resources pricing mechanism. Although China has introduced new institutional economics, it has not read the meaning of "property rights", and mechanically believes that property rights are based on "stock of property". (3) monetary benefits -- increase the monetary value of assets. There are both measurable and unquantifiable benefits in these three different forms of income. Among them: mental income is too strong to measure, monetary gain is easy to measure because of the static concept of value change. Economists, therefore, focus only on actual earnings. In economic terms, the benefits of holding any two currencies should be equal in the equilibrium of the foreign exchange market, which is: Ri=Rj (interest rate parity). Here, R stands for yield, and I and j represent currencies of different countries. If the benefits of holding two currencies are unequal, you will have A arbitrage: buy A kind of foreign exchange and sell B foreign exchange.