In other areas of the economy, the Internet has dramatically altered the competitive landscape by driving down costs and enabling innovative and more efficient ways of conducting business.
The study goes on to suggest that casino gambling will boost
other areas of the economy as well, including the purchases of goods and services, and the horse racing and breeding industries.
So this concept of having one source of truth shared among different parties is extremely powerful and again has applications not only within financial services but
other areas of the economy as well.
If there were to be a sudden weakening in the Canadian housing sector, it could have sizable spillover effects
on other areas of the economy, it says.
In short, the energy sector is so heavily engaged with and intertwined
in other areas of the economy that few companies or sectors would be immune.
«It supports so many
other areas of the economy, so it's really critical that we have a thriving and growing manufacturing sector.»
While China's markets and
other areas of the economy have rapidly evolved in recent years, they still have not completely opened to the rest of the world.
Mr. Chopra focused on the wide ranging impact on rising student loan debt levels in
other areas of the economy and also highlighted parallels to the mortgage market.