Question

explain the features of industrial structure ​

Answer 1

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Industry structural characteristics... Industry structure includes size measures, e.g. industry sales, number of firms, and number of employees. Rate of growth and the industry growth curve are an important element of industry structure as is the extent to which an industry is unionized...

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Answer 2

Industrial Structure is a system of production which facilitates various functions of industrial production by supporting the operation of raw materials,equipment and the communication lines in production.

Explanation:

Features of Industrial Structure:-

-Industrial structure basically considers the number of firms/companies in the market which signifies the level of competition or rivalry in any particular industry.The higher the number of firms/companies,the higher the market competition and vise versa.

-Volume of sales is another important feature of industrial structure which essentially includes how much sales is possible in the market based on the consumer demand of any particular product/service and level of market competition.It indicates business prospect for individual firm or a company based on the level of market demand.

-Labor part is also a crucial component of the industrial structure.It shows the number of people willing to work in a particular sector or industry.A prospering industry or sector would expectedly attract more potential employee than any other which indicates a positive sign for companies and businesses.