Industry – changes in one of the most important fields of economy as a result of technological changes

Industry except agriculture and services belongs to the most crucial areas of functioning of each economy at present. It is indicated by the fact these fields guarantee the greatest impact to the growth of GDP.


Autor: Adam Moss

In addition, they are somewhat correlated with themselves, which indicates that despite the fact that in majority of countries the amount of people employed in the last topic improves quite instantly, we are recommended to not forget that not paying attention to the situation in agriculture etc. is likely to lead to serious complications for an economy, as shortages of food and other products have to be compensated due to international trade. Consequently, we ought to keep in mind that for each government it is advised to find an appropriate balance that would guarantee the economy of a country stable growth and reliable fundaments.

The reason why industry is also relatively important and fundamental is that inter alia technological developments in this field may influence positively services, as it would be connected for example with working in substantially better and healthy environment, as well as agriculture, as more and more solid machines would be introduced.

Feld trains

Autor: MVolkmann

As a result, we are recommended to also not forget that a country has plenty solutions that might help it more efficiently influence the structure of each of the above presented area. They are recommended to be used appropriately to the current economic situation and needs in various topics.

Taking everything into consideration, we ought to not forget that in terms of analyzing the influence of miscellaneous fields of each economy, the role of industry cannot be depreciated. It is implied by the fact that using it we are likely to make more responsible moves and guarantee ourselves much better tempo of economic growth. It is relatively crucial, because not only owing to it the country would be better, but also each citizen would feel the difference in the long-term, as a stronger country means improved social expenditures etc, which almost everyone can benefit from.