The paper "The Impact of the Industry on the Macro Economy" is a great example of an assignment on macro and microeconomics. The hp company operates in the manufacturing industry, specifically in the electronics sector. In this industry, the firms develop, sell and support products, software, technologies, software, solutions and services to consumers, small- and medium-sized businesses as well as large enterprises that include customers in the government, health and education sectors. The other major firms in the industry whose performance will be compared to hp include Dell, IBM, and Toshiba. In the years 2009 and 2010, the three companies that performed best in the industry were IBM, Dell, and HP. In the year 2009, IBM’ s net income growth was 49.8% compared to the growth among its peers.
It also had the highest Return on Equity (ROE) of 59.3X as compared to its peer’ s average which had dropped to negative due to the adverse performance of Seagate and Toshiba. However, HP’ s performance has improved over the years, and its rated second best in the industry. Industry Revenue in 2009 stood at $53.95 billion in the U. S for instance which translates into an overall 9 percent decline from 2008. Explain how this industry has contributed to the economic growth of the UAE in recent years (2009/2010 or 2010/2011).
(150 - 200 words) Given your research on this industry’ s performance, did this industry contribute to the economic growth of the UAE? Explain your answer. The industry has significantly contributed to the economic growth of the United Arab Emirates. The industry has contributed to the automation of most manufacturing companies which results in improved performance. The revenue obtained from the sale of technological electronics contributes to about 13.2% of the totals country's income.
This sector is ranked as the fourth highest contributor to GDP at 13.2% and contributes to$10.54bn. The industry has experienced an average growth of 8% per annum between the years 2007 and 2010, despite a decline in the growth curve between 2008 and 2009. The industry has also employed a great number of citizens.
ReferencesMankiw, N. Gregory – “Principles of Economics” – 5th edition – Southwestern – 2009