An Emerging Industry Is an Industry in Which a Large

question 16

True/False

An emerging industry is an industry in which a large number of small or medium-sized firms operate and no small set of firms has a dominant market share or creates dominant technologies.

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Definitions:

Blue Collar

A term used to describe workers in manual labor industries or occupations, often involving physical work and typically requiring protective clothing.

Manual Wage Workers

Refers to laborers who perform physical tasks and are compensated based on hourly rates or fixed salaries, often in sectors like manufacturing, construction, and maintenance.

Shop-Floor

The area in a manufacturing facility where goods are produced or assembled.

European Industrialization

The transformation from agrarian and handicraft economies to industrial and machine-manufacturing dominated societies in Europe, beginning in the late 18th century.