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In: Economics

Which business sectors/companies may have strong growth potential and which may decline/disappear in the coming decades?...

Which business sectors/companies may have strong growth potential and which may decline/disappear in the coming decades? Name top 3 for each question with explanations. (700 words)

Solutions

Expert Solution

The sectors that may have strong growth potential in future are:

1. Technology Sector:

Technology sector is blooming with the current inventions in technology. Also as everything is moving towards

Automation, this is one sector that is blooming. Any business in this sector would be profitable in the coming era.

2. Health Industry

Recession never comes to health industry also with increasing population and pollution and other problems people are always looking for ways to keep themselves fit.

3. Real estate

Real estate industries may prove to be profitable as the demand among people for having their own houses is increasing, the real estate sector is on the bloom.

Also media industry, consumer retail industry are growing as the competition among fashion industry and awareness among people is increasing about various things, the demand to keep themselves updated is also increasing.

The industries which may not grow as much in the future and may suffer a loss are airways as we have seen the downfall of various airway companies. Also the demand for professionals is decreasing due to the ease in filing of tax returns and petitions by the consumers themselves.

Rahul Sunny answered 5 months ago
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