Franchises have experienced three major growth waves since its beginning that include a focus on:

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Franchises have experienced rapid growth, particularly in the service sector and specific market niches, such as fitness centers and home cleaning services. While fast food franchises have also contributed to growth, they are not the only focus of the industry. Franchises have also experienced some instability due to economic recessions and changing consumer preferences, making predictable growth less of a focus.

Franchises Have Experienced Three Major Growth Waves Since Its Beginning