Question
Industries like electronics and biotechnology which are in the forefront of development are called?
Answer: Option D
Answer: (d)
Sunrise industry is a colloquial term for a sector or business that is in its infancy but is growing at a rapid pace. A sunrise industry is typically characterized by high growth rates, numerous start-ups and an abundance of venture capital funding.
A sunrise industry is often characterized by a high degree of innovation, and its rapid emergence may threaten to push into obsolescence a competing industry sector that is already in decline. So electronics and biotechnology can be characterized as sunrise industries.
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Answer: (d)
Sunrise industry is a colloquial term for a sector or business that is in its infancy but is growing at a rapid pace. A sunrise industry is typically characterized by high growth rates, numerous start-ups and an abundance of venture capital funding.
A sunrise industry is often characterized by a high degree of innovation, and its rapid emergence may threaten to push into obsolescence a competing industry sector that is already in decline. So electronics and biotechnology can be characterized as sunrise industries.
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