A growth industry is defined as
(A) An industry with 15% rateof growth per annum
(B) An industry where demand for its production to growing
(C) An indusrty with high capital investment
(D) An industry with the average growth higher than growth of economy
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A growth industry is that sector of an economy which experiences a higher-than-average growth rate as compared to other sectors. ... Their growth is a result of demand for new products or services offered by companies in the field.
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A growth industry is defined as an industry with average growth higher than the growth of the economy. ... 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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