Write a short paragraph explaining the difference between the fastest growth and largest growth industries from a numerical perspective. Be sure to address percentage of growth vs. number of jobs.

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Business

Sawyer Chen

24 February, 11:30

Write a short paragraph explaining the difference between the fastest growth and largest growth industries from a numerical perspective. Be sure to address percentage of growth vs. number of jobs.

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Ernest Pham · Answer 1

I've tried searching online for the difference of fastest growth and largest growth, however, there is no direct explanation that compares and contrasts the two.

Based on what I understand, fastest growth refers to new companies that grew to bigger proportion immediately after establishments. Usually, return on investment starts after the fifth year of operation of the company. This means that only after 5 years will the company earn big profit. Fastest growth will refer to the increase in sales, profits, stock prices from the first day of business operation up to the end of its first year of operation ...

Largest growth refers to the size of the company, the number of employees it retains, and market share. It refers to the rate of its expansion.

When I envision it as a bar graph, fastest growth is the vertical increase and largest growth is the horizontal increase.