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This work is focused on industrial physics and its contribution toward economy. The work highlights how physics-based sectors play a vital role in generating economic growth and prosperity. The main comparison here will be the influence of industrial physics on economy. The article starts from explaining industrial physics and what goes into it and where it can be applicable. Literature review gives an idea of the influence of industrial physics or simply physics on chosen countries. The following four countries were chosen: the United States, the United Kingdom, Ireland and Italy. The following four countries were selected as there was available data on the influence of industrial physics on economy. The results illustrated that physics-based sectors have a tremendous effect on the selected countries economy. Physics based-sectors influenced a number of jobs, exports and thus have a positive effect on economy. The number of employees in physics-based sectors were analyzed. The results illustrated a similar path for the selected countries if perceiving the result in percentages. The values were in the range of 4% and 8.6 %. The exports of each country were also analyzed. The results showed that the US has the highest rate of exports and Ireland’s exports are less than the others. The percentage difference in exports were high if compared with the percentage difference in employment. If looking at the revenue from exports, again, the US is in the leading place, followed by Italy, then, the UK and the last one is Ireland. |
