What is Sunrise industry?
Understand the Problem
The question is asking for a definition or explanation of the term 'Sunrise industry', which refers to emerging sectors in the economy that are expected to grow rapidly and become significant contributors to economic growth.
Answer
A sunrise industry is a new or emerging industry expected to grow rapidly and become significant in the future.
The final answer is a sunrise industry is a new or emerging industry that is expected to grow quickly and become significant in the future.
Answer for screen readers
The final answer is a sunrise industry is a new or emerging industry that is expected to grow quickly and become significant in the future.
More Information
Sunrise industries are often closely associated with technological innovations and emerging market demands. They can create new employment opportunities and drive economic growth. Examples of sunrise industries include renewable energy, biotechnology, and online retail.
Tips
A common mistake is confusing sunrise industries with well-established sectors that are simply trending upward. It's important to note that sunrise industries are characterized by being in their developmental stages.
Sources
- Sunrise Industry: Meaning, Overview, FAQ - Investopedia - investopedia.com
- Sunrise industry - Wikipedia - en.wikipedia.org
- SUNRISE INDUSTRY definition | Cambridge English Dictionary - dictionary.cambridge.org
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