Role of Energy in the Growth of an Economy


Economic growth of any country depends largely upon its energy sector. Energy is the oxygen and lifeblood of the economy. With the invasion of globalization and liberalization, its role has evolved in much wider terms. Infact LPG wouldn’t have succeeded without energy. Without heat, light, and power you can’t run factories and machines. The amenities you enjoy today are the gift of energy. Without it, you wouldn’t have been able to live a comfortable life.  

With the increasing value of this sector, there are lot of job opportunities that are being created in this sector. Thus, the direct impact has been on employment. Here are some types of jobs are generated by energy sector.

  • Direct jobs- In direct jobs, people are supposed to produce and deliver energy goods and services to consumers.

  • Indirect jobs- It states the positions that are created in industry to supply energy industry with goods and services.

  • Induced jobs- When people spend their income and create demand for buying goods and services, it leads to increase in production thus giving rise to employment.

Oil and gas sector
The activities in oil and gas sector prove beneficial for the economy in terms of employment rate and growth of GDP. Initially large amount of funds is required for capital investment after which job generation and high returns are assured.

Used as an input to produce a great output
The forms of energy such as energy and coal along with capital and labor are used as economic inputs to produce economic outputs in the form of manufactured energy goods and services.

Are you looking for jobs in energy sector in Houston, Texas USA? If yes, then get in touch with Experience Energy. We provide a platform to bring candidates and companies together so that diverse talent comes out. Energy sector offers amazing economic and development opportunities. We also aim at removing gender gap and ensure both male and female workforce for exceptional results. To know more about us, give us a call on +1 860-437-5700. For any queries, you can email us at careers@pinkpetro.com . We will get back to you shortly.

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