The ups and downs in one economic sector seldom have a ripple effect on other sectors.

Question

Quizplus · Accepted Answer

Economic sectors are interconnected and interdependent, therefore, changes in one sector can have a ripple effect on other sectors. For example, a recession in the housing market can lead to a decrease in demand for construction materials and labor, which can impact the manufacturing and service sectors. Similarly, a surge in demand for oil can affect the transportation and airline industries.

The Ups and Downs in One Economic Sector Seldom Have