Economic growth that is not industry specific is most likely to:
A)have no effect on most businesses.
B)result in many businesses doing well.
C)result in many businesses suffering.
D)affect only a few select businesses.

Question

Quizplus · Accepted Answer

Economic growth that is not industry specific means that different sectors of the economy are growing, which can benefit a wide range of businesses. For example, if there is an increase in consumer spending, this can benefit businesses in industries such as retail, hospitality, and services. Therefore, there is a higher likelihood that many businesses will do well when there is non-industry specific economic growth.

Economic Growth That Is Not Industry Specific Is Most Likely