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The industrial sector drives economic growth by creating jobs, increasing productivity, and fostering innovation through technological advancements. It can lead to economies of scale, reducing costs and prices for consumers. However, disadvantages include environmental degradation, resource depletion, and potential worker exploitation due to poor labor practices. Additionally, industrialization can contribute to urban overcrowding and social inequality if not managed sustainably.
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What are the advantages and disadvantages of diversified manufacturing sector?
no
Advantages and disadvantages of banking sector?
n
Advantages and disadvantages of commitment basis of accounting in public sector?
Yes
What are Advantages and disadvantages of computer in banking sector?
The advantages of computers in the banking sector include accuracy, speed and the opportunity to notice trends. Observing this can allow beneficial and directed interactions grooming customers. The disadvantage is that customers are now numbers, not people.
What are the advantages and disadvantages of deregulation in Nigeria?
Deregulation brings about efficiency in the oil sector as a result of heathy competitiin.
What are the advantages and disadvantages of voluntary sector?
no pay obviously Errr... No PAY because we are gready and we want money!
What are the advantages and disadvantages of informal sector?
provide services to the urban citythey don't pay tax or follow any legislation
What are the advantages of GATT?
GATT is now known as WTO. The advantages are the tariffs in the industrial sector have lowered all across the world. Many trade disputes have been settled. They encourage countries from maintaining huge trade deficits.
What are Advantages n disadvantages of unorganized sector?
The unorganized sector offers advantages such as flexibility in employment, lower entry barriers for workers, and the ability to provide jobs for marginalized populations. However, it also has significant disadvantages, including lack of job security, limited access to social benefits, and low wages. Additionally, workers in this sector often face poor working conditions and limited legal protections. This can lead to exploitation and vulnerability among the workforce.
What are the advantages and disadvantages of allocating resources through the public sector?
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
What are the advantages and disadvantages of computer in government sector?
Advantages:Faster and efficient.Time saving.Business can sell their products to people very easily.Disadvantages:Power FailureVirusesHackers
What are the advantages in privatization of insurance sector?
Some of the advantages of privatization in the insurance sector are that diverse new products can come up as a result of competition. Competition in the insurance sector usually leads to the competitive pricing of various covers.
