1. Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits, and which had the lease? State the dollar amount. Offer a few well grounded thoughts on the variables (i.e. think fixed and variable costs, for example) that would lead to some sectors being more profitable than others. Are the elements of profit the same for all industries? Discuss

Financial or nonfinancial

Manufacturing , transportation and warehousing, wholesale trade, or retail trade

Durable goods or nondurable goods

2.During the past years (2018-2020), which sectors had the largest and smallest percentage increase in profit? Calculate and state the percentage, i.e. shoe your methodology (all steps) for calculating the percentage.

3. Which sectors, if any, experienced losses? Describe and explain.

4. What are the implications of the profit changes for expansion or contraction of the particular industries? i.e. how is supply and demand for labor, land/space, capital, entrepreneurship effected?