Growth Industry

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Related to growth industries: declining industry, Emerging Industries

Growth Industry

An industry in an early phase of existence marked by an end to technological innovation and the beginning of an attempt by different companies in the industry to gain larger market shares. That is, even if two competing companies make exactly the same product, they will use marketing, pricing, and other methods to become a leader in that product's market. These companies experience high earnings and/or revenue, though they often reinvest their profits into further growth of the company and as a result tend to pay out low dividends. See also: Industry Life Cycle, Three-Phase DDM.
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References in periodicals archive ?
The projects are aimed at promoting growth industries, particularly in three areas deemed essential in the next millennium -- biotechnology and areas related to the aging of society, information and data communications, and the environment.
Over the past decade, the authors have evaluated growth industries to understand patterns of growth and identify ways to predict future growth industries.
Training will probably become one of the big growth industries of the 1990s."
Nanotechnology, computer games and stem cell research are expected to be among the growth industries that will underpin the creation of a super city.
The Borough President gave BFJ the mission of producing a plan that would help spur and strengthen economic development, while carefully balancing the needs of businesses -- especially growth industries -- and residents, in ongoing consultation with them.
She referred to the "real needs of this borough" as "affordable housing and commercial and open space." Fields also stressed that the plan will balance the needs of businesses -- particularly "growth industries" -- and residents.
Wylde spoke about the investment strategy and network that the Fund has established to promote the economy of the city, fuel growth industries, and fund entrepreneurial ventures in communities across the five boroughs.
Chelsea, SoHo/NoHo and TriBeCa are extremely popular with firms in growth industries, such as film and new media.

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