Question

explain the economical importance of automobile industry​

Answer 1

Explanation:

The auto industry is the single greatest engine of economic growth in the world. The global auto industry is a key sector of the economy for every major country in the world. The industry continues to grow, registering a 30 percent increase over the past decade (1995-2005). Autos create jobs, jobs, jobs.

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Answer 2

Answer:

The automotive industry is important to global economic development. Globally, automotive contributes roughly 3 percent of all GDP output; the share is even higher in emerging markets, with rates in China and India at 7 percent and rising.

Explanation:

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