IMPORTANCE OF INDUSTRY FOR ECONOMIC DEVELOPMENT

The main aim of all economies in contemporary circumstances is a progress in whole economic development. One way how this can be succeeded, is better development of primary, secondary and tertiary sector. In this work, special significance for economic development is given to secondary sector. During stronger and faster development of industrial sector it is important not to neglect development of other sectors, because in that case very often qualitative and sustainable economic development can be omitted. The importance of industrial development is stressed specially because of employment possibility and multiplicative effects which development of this sector can have on other sectors.