Question

highlights the specific needs of an aircraft industry?​

Answer 1

Answer:

Aviation supports 65.5 million jobs worldwide and enables $2.7 trillion in global GDP. It allows people to have adventures in new countries, to relax on tropical beaches, to build business relationships and to visit friends and family.

Explanation:

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Answer 2

The specific needs of the aircraft industry are highlighted as:

1. This industry requires a large area for set-up and is usually set up outside the city or state.
2. The need for the aircraft industry can be referred to as a derived demand as the requirement for this service arises due to the demand for a different or related good or service.
3. The aircraft industry provides a service that cannot be stored for the future and the services provided by the aircraft industry are homogenous.
4. If the aircraft is not full, the expense of the industry will increase as these seats will be vacant but the cost of running the aircraft will have to be paid in full by the industry.
5. A lot of finance is required for this industry and it is very important for this industry to anticipate the funds required in the future and to take the appropriate steps required immediately.

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