The industrial sector plays a major role in the establishment of the building blocks of social and economic sustainability, as this is evident by the significant contribution it offers being one of the fundamental foundations to maintain consistent and continual economical growth. In addition, its huge effect on employment and operation, attracting diversified investments, participating in international markets , and bringing the image and identity of Libyan products out to the world.
Furthermore, the industrial sector takes part in creating employment opportunities, also whenever the quantum of industrial production horizontally and vertically increases , the number of unemployed individuals deceases.
Also, it is clear enough that the leading role it plays in increasing the domestic income, as when the proportion of contribution of the industrial sector raises up for total domestic production, the exports also raise up and reliance on exporting raw material is reduced, as well as the act of enhancement in leveling up productivity, since it is one of the most capable sectors at applying the use of advanced technologies which in turn contributes to improving the level of productivity.
Moreover, the industrial sector has a direct influence on increasing the rate of growth of domestic economy as well as that of other sectors such as agricultural and services sectors for the firm connection it has with other sectors.
The industrial economy plays a magnificent role in the lives of many individuals and various sectors, as it affects and is affected by the existent influential factors of which some may scale it up and improve its outcomes , and some other negative effects that hinder and reduce the positive outcomes of industrial economy.
Encouragement of domestic industry and turning to supporting it according to all forms, ways, and diversities is a required issue, even further it is an essence for a flourishing domestic economy.