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By 1913, German industries produced almost 90% of the world's supply of dyestuffs and sold approximately 80% of their production abroad. [7] In the United States, Herbert Henry Dow 's use of electrochemistry to produce chemicals from brine was a commercial success that helped to promote the country's chemical industry.
The biggest industries in the world run the economy and create billions of jobs worldwide. In the past […] In this article, we are going to list the 10 Biggest Industries in the World in 2021 ...
Chemical & Engineering News publishes an annual list of the world's largest chemical producers by sales, excluding formulated products such as pharmaceutical drugs and coatings. [1] In 2018, sales of the top fifty companies amounted to US$ 951,000,000,000, an increase of 11.8% compared to the top fifty producers of 2017. [ 2 ]
The following outline is provided as an overview of and topical guide to industry: Industry , in economics and economic geography , refers to the production of an economic good or service within an economy .
The ancient economy built mainly on the basis of subsistence farming. The Industrial Revolution lessened the role of subsistence farming, converting land-use to more extensive and monocultural forms of agriculture over the last three centuries. Economic growth took place mostly in the mining, construction and manufacturing industries.
The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. [ 1 ] [ 2 ] [ 3 ] The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries .
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
Export-led growth is an economic strategy used by some developing countries. The strategy seeks to find a niche in the world economy for a certain type of export. Industries producing this export may receive governmental subsidies and better access to the local markets.