For majority of people a term industry mostly has pretty negative connotations. It connected with the fact that, above all, we in most cases tend to refer it to factories, which offer plenty different greenhouse gases that are relatively harmful for the environment. It is true, but the target of this article is rather to discuss other elements connected with the development of this sphere.
One relatively alarming fact refers to the situation of this field of economy on our continent, where more and more factories and other similar places are either closed or the number of people employed is significantly minimized. The reason why it happens is not related to the fact that there is no demand for commodities used for instance in the building industry. It rather implies that compared with other countries European economies are no longer that recommendable for the investors.
The reason why above mentioned situations take place is connected, first of all, with the fact that miscellaneous countries like China become more and more popular in terms of places where more and more funds is invested is that it guarantees quite interesting labor expenses.
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The reason why they are quite low is related to the fact that China is a country, with the highest amount of citizens on the globe. Therefore, industry there has perfect conditions for further growth. This explains why increasing number of Chinese enterprises produce for example elements from steel.
Taking everything into consideration, Chinese companies are the most likely to remain the most competitive in the future in the sphere of industry. Nevertheless, also European enterprises as those that are the most innovative and can provide know-how that is inevitable to remain effective, have crucial role to play in the future. Therefore, the future of this topic can be pretty attractive and belongs to the most important areas analyzed by specialists from all over the globe.