Industry as an area, which still has a great influence on nearly every industry

Different economists have observed that despite the fact that currently the most common trend is connected with rising role of the services, a significant percentage of the GDP of the significant percentage of countries on the Earth is connected with the industry. It is implied by the fact that, first and foremost, this field of economy is quite likely to be an inevitable element of the existence of the mankind even in the longest predictions for the future. It is indicated by the fact that thanks to it we have been offered with various inventions like for instance motorways, skyscrapers, vehicles, airplanes etc.



Consequently, the development of this topic is in most cases considered to play great impact on a considerable extent the improvement of overall conditions people have for their living on Earth.

Another influential fact referred to the above mentioned issue is that without good situation in industry a lot of people is likely to have miscellaneous difficulties with unemployment. Therefore not only an economy lacks of miscellaneous products obligatory in its appropriate progress, but also some new difficulties, like expenses connected with unemployment benefit, arise.

Hence, we need to also not forget that control over the situation in this field is in most cases believed to be very important. This indicates that in almost every government there is at least one specialist who is responsible for taking care over it.


Autor: Cory M. Grenier

Furthermore, another important fact connected with this kind issue is that due to healthy situation in industry the whole economy is considerably more stable, which positively improves various aspects like the currency, foreign trade, price indexes etc. Hence, despite the fact that generally the share of industry concerning creation of the GDP is reduced, we should remember that it still plays a crucial role in terms of the situation of majority of the economies on our planete. This implies that controlling the situation there by financing most influential investments concerning progress of the technology.