Question

What are some industries that may be impacted by each other even though there is no...

What are some industries that may be impacted by each other even though there is no obvious connection?

Homework Answers

Answer #1

Industries can get impacted even when they don't have a direct relation. There are many examples for this verdict, I would explain a few -

1) Tea and Coffee industry are inversely related. Suppose the price of tea increases, then tea consumers would be shifting towards coffee and demand for coffee would increase.

2) Crude and Automobile Industry are also negatively related when the price of crude oil increases the demand for automobile decreases as people will shift to public transport.

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