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The UK has a low proportion of people working in the primary industry. Only 2% of English workers are employed in this sector.
The Secondary Sector:
In the United Kingdom the secondary industry as a whole has been on decline for the last 25 years. Many manufacturing companies have relocated to the other parts of the world where the costs of manufacturing are less, so they can continue to make profits... displayed 300 characters
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Many manufacturing companies have relocated to the other parts of the world where the costs of manufacturing are less, so they can continue to make profits. Other examples of how they can increase their profits are: making different types of products and selling them by lower prices, employ less workers and reduce waste through using better machines... displayed next 300 characters
Over the past few years, the retail sales in India are hovering around 33-35% of GDP as compared to around 20% in the US. The table gives the picture of India's retail trade as compared to the US and China...
Organised retail, which presently accounts for 4 per cent of the total market, is likely to increase its share to 22 per cent by 2010. This growth in organized retail is being driven by a number of structural, social, and demographic and macroeconomic factors as well...
The UK has a low proportion of people working in the primary industry. Only 2% of English workers are employed in this sector.
The Secondary Sector:
In the United Kingdom the secondary industry as a whole has been on decline for the last 25 years...
Indian retail is expected to grow 25% annually. Modern retail in India could be worth US$175-200 billion by 2016.
The Food Retail Industry in India dominates the shopping basket The Mobile phone retail industry in India is already a US $167 billion business, growing at over 20 % per year...
Agriculture sector is already over crowded and both manufacturing and agriculture has low wage jobs. The most obvious option left for million of Indians is to be self employed and move into service sector retailing were the capital needed to start a business is very low...
Study of the cost structure of a cost leader in Retail Industry ? WALMART
In the present world, most of the developed economies are using the retail industry as their vital growth instrument...
The service industry at the moment does not seem to offer a very promising basis for the expansion of employment.
Due to the slump in domestic sales, export orders, and employment opportunities the potential for the service industry to recover economically seems less and less possible...
