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A growth industry is defined as

This question belongs to Commerce Financial Management
Financial Management
?

A growth industry is defined as ____________.

Answer & Solution
Correct Answer: Option D
A growth industry is defined as an industry with average growth higher than the growth of the economy. A growth industry is that sector of an economy which experiences a higher-than-average growth rate as compared to other sectors. Growth industries are often new or pioneer industries that did not exist in the past. Their growth is a result of demand for new products or services offered by companies in the field.
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