Select any economic industry related to the United Arab Emirates and discuss the following:1. Describe the products produced in the industry and determine the market structure of the industry.

2. How does the market structure impact the degree of competition and the profitability of the firms in the industry?3. Are firms entering or exiting the industry?4. Is the market for the products global or national?5. Is product innovation important?6. How are firms responding to the competitive pressures in the industry?