Trends in the Social Care Sector: An Analysis of Bondcare Care Homes
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This assignment discusses the key trends in the social care sector and provides a detailed analysis of Bondcare Care Homes, including recommendations for practices in the dynamic sector.
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CW1: Inquiry Project
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Table of Contents
INTRODUCTION...........................................................................................................................1
TRENDS IN THE SECTOR...........................................................................................................1
ANALYSIS OF COMPANY..........................................................................................................3
RECOMMENDATIONS.................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
INTRODUCTION...........................................................................................................................1
TRENDS IN THE SECTOR...........................................................................................................1
ANALYSIS OF COMPANY..........................................................................................................3
RECOMMENDATIONS.................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
INTRODUCTION
Project refers to a sequence of activities undertaken for completing specific outcome. In
other words, project is outlined to any temporary endeavour that comprises definite initiation and
finish. Inquiry projects are projects including investigation about any problem, question or idea
(Jack, Tetley and Chambers, 2019). It is kind of authentic working as various disciplines are
focused to complete endeavour to build knowledge. It also requires serious investigation along
with engagement from stakeholders of project. For inquiry project, selected company is
Bondcare Care Homes which operate in social care sector. The entity is UK based social care
which carry out practices with objectives of providing friendly residential setting to vulnerable,
sustaining resident’s morale and deliver best possible care to residents of society.
The assignment highlights key trends pertaining within the social care sector. It also
includes detailed analysis of the organisation and some recommendations for carrying out
practices in the dynamic sector.
TRENDS IN THE SECTOR
As per Heath-Kelly and Strausz (2019), social care sector is an industry wherein
organisations work for providing care for particular group of people that are children, adults,
families and one which are facing mental illnesses, learning disabilities, drug dependency and
physical disability. Key activities of companies in social care sector are child protection,
residential care, advice and guidance, supporting independent living, community work and day
care. It is an industry wherein all forms of personal care addition to various practical assistance
for young population, children as well as adults which require additional support. Social care
sector has gone multiple changes in last couple of years.
In accordance to statements of Smith (2020), Social Care Sector of UK is one of biggest
industry in which more than 1.5 million people are working within it in 38000 distinct setting.
The sector contributes in delivering care along with support services across the globe. Within the
economy of UK, the sector alone contributes approximate of £43 Billion. Working in the sector
means supporting populations with non-clinical requirements. Some of key trends pertaining
within Social Care Sector are as analysed:
Tapping into technology: One of Social Care Sector trend is use of technology along
with internet-based platforms for the purpose of fostering access to applications associated to
1
Project refers to a sequence of activities undertaken for completing specific outcome. In
other words, project is outlined to any temporary endeavour that comprises definite initiation and
finish. Inquiry projects are projects including investigation about any problem, question or idea
(Jack, Tetley and Chambers, 2019). It is kind of authentic working as various disciplines are
focused to complete endeavour to build knowledge. It also requires serious investigation along
with engagement from stakeholders of project. For inquiry project, selected company is
Bondcare Care Homes which operate in social care sector. The entity is UK based social care
which carry out practices with objectives of providing friendly residential setting to vulnerable,
sustaining resident’s morale and deliver best possible care to residents of society.
The assignment highlights key trends pertaining within the social care sector. It also
includes detailed analysis of the organisation and some recommendations for carrying out
practices in the dynamic sector.
TRENDS IN THE SECTOR
As per Heath-Kelly and Strausz (2019), social care sector is an industry wherein
organisations work for providing care for particular group of people that are children, adults,
families and one which are facing mental illnesses, learning disabilities, drug dependency and
physical disability. Key activities of companies in social care sector are child protection,
residential care, advice and guidance, supporting independent living, community work and day
care. It is an industry wherein all forms of personal care addition to various practical assistance
for young population, children as well as adults which require additional support. Social care
sector has gone multiple changes in last couple of years.
In accordance to statements of Smith (2020), Social Care Sector of UK is one of biggest
industry in which more than 1.5 million people are working within it in 38000 distinct setting.
The sector contributes in delivering care along with support services across the globe. Within the
economy of UK, the sector alone contributes approximate of £43 Billion. Working in the sector
means supporting populations with non-clinical requirements. Some of key trends pertaining
within Social Care Sector are as analysed:
Tapping into technology: One of Social Care Sector trend is use of technology along
with internet-based platforms for the purpose of fostering access to applications associated to
1
care. The sector comes with no surprise so look towards technology continuing to be a key social
care industrial trend in 2021 (Gordon-Nesbitt and Howarth, 2020). Embracing a wave of
technology along with focusing towards role of technology plays huge role in bridging gap
among finite resources together with growing demand. Among Internet of Things (IoT), chat
bots, artificial intelligence, etc, the industry is carrying out practices for continuing to deliver
care well with new solutions. Moreover, large number of experts in the sector have adopted
advanced software together with online services for the purpose of better tracking addition to
updating treatment plans for care of patients. Us of new technological application illustrates that
entities are working with protocol and stipulations that are outlined by certain accrediting bodies
within Social Care field. Technological tools and techniques revolutionise practices in the social
care work.
Professional development opportunities: It is a prospect to expand along with refine
professionals’ skills, knowledge and capabilities. It guides individual for learning something,
new and deepening their current understanding or knowledge. Within Social Care sector,
consistency have been in requirement for staying ahead of practices and trends. In recent years,
number of ongoing educations along with professional development opportunities in the industry
have grown exponentially (Bandelj and Wherry, 2020). Knowing the trends, for excelling in
practices and methodology, experts along with practitioners are taking part to excel
professionalism. Ongoing education credits is great requirement in the filed for the one who
holds license of working as well as wish to renew. Continuing Education Portal have been
developed in the industry to that consolidates multiple educational opportunities for development
of people and building networking. The sector connects more with society with access to
incredible resources.
Jobs and salaries: It is seen as one of exciting trend within Social Care industry because
of positive outlook of people towards various jobs. It is projected that till the year 2028, there
will be 11% enhancement in available jobs within the sector that is much quicker than average
growth in an industry. This percentage is further translated towards potential for around 80000
new occupational work till end of the decade. Moreover, a satisfying median salary that is
around 35238 pound in 2022 (Dowd and Liera, 2018). It has been analysed that the figure is
much higher than national average of professionals as well as reflects overall enhancement when
compared with historical data within Social Care sector.
2
care industrial trend in 2021 (Gordon-Nesbitt and Howarth, 2020). Embracing a wave of
technology along with focusing towards role of technology plays huge role in bridging gap
among finite resources together with growing demand. Among Internet of Things (IoT), chat
bots, artificial intelligence, etc, the industry is carrying out practices for continuing to deliver
care well with new solutions. Moreover, large number of experts in the sector have adopted
advanced software together with online services for the purpose of better tracking addition to
updating treatment plans for care of patients. Us of new technological application illustrates that
entities are working with protocol and stipulations that are outlined by certain accrediting bodies
within Social Care field. Technological tools and techniques revolutionise practices in the social
care work.
Professional development opportunities: It is a prospect to expand along with refine
professionals’ skills, knowledge and capabilities. It guides individual for learning something,
new and deepening their current understanding or knowledge. Within Social Care sector,
consistency have been in requirement for staying ahead of practices and trends. In recent years,
number of ongoing educations along with professional development opportunities in the industry
have grown exponentially (Bandelj and Wherry, 2020). Knowing the trends, for excelling in
practices and methodology, experts along with practitioners are taking part to excel
professionalism. Ongoing education credits is great requirement in the filed for the one who
holds license of working as well as wish to renew. Continuing Education Portal have been
developed in the industry to that consolidates multiple educational opportunities for development
of people and building networking. The sector connects more with society with access to
incredible resources.
Jobs and salaries: It is seen as one of exciting trend within Social Care industry because
of positive outlook of people towards various jobs. It is projected that till the year 2028, there
will be 11% enhancement in available jobs within the sector that is much quicker than average
growth in an industry. This percentage is further translated towards potential for around 80000
new occupational work till end of the decade. Moreover, a satisfying median salary that is
around 35238 pound in 2022 (Dowd and Liera, 2018). It has been analysed that the figure is
much higher than national average of professionals as well as reflects overall enhancement when
compared with historical data within Social Care sector.
2
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ANALYSIS OF COMPANY
Overview of the organisation
Bondcare Care Homes is UK based social care enterprise that operates with philosophy
of developing a warm as well as friendly environment for people to ensure that it treats everyone
with respect addition to sensitivity (Bondcare Care Homes, 2021). It is established at London,
UK. Key focus of the venture is towards comfort and happiness of clients as well as its
professional staff. Major work objectives of the enterprise are to provide quality of living to
residents for the purpose of retaining sense od independence, delivering friendly residential
setting in care home environment, maintaining close links with community and sustaining
morale of residents. At all offices, aim of Bondcare Care Homes is to keep minds and body of
residents active along with stimulated. Along with this, it has diverse range of outside services
such as physiotherapist appointments, GP visits, opticians and hence forth. It delivers appropriate
care and support at care homes and help patients to stay safe, happy along with fulfil lives. Its
practitioners involve helping clients to complete day-to-day tasks and leisure activities. Making
move towards assisted living is considered as a daunting process, however, at the entity,
employees ensure that it is smooth and comfortable.
SWOT Analysis
SWOT Analysis is a tool through which professionals of entity understand business and
its environment in better manner along with develop goals to attain. As per data collected from
multiple sources, it can be said that Bondcare Care Home is popular organisation in Social Care
Sector for its high care services and support to communities. Care services offered by the venture
are at affordable prices that satisfy customer and attracts wider base that is its core strength.
Moreover, there are some clients or patients that says that the employees do not provide adequate
guidance while taking consultancy services due to which they gets dissatisfy (Rashed, 2019).
Bondcare Care Homes have opportunity to meet increasing demand of services through
providing offerings with advanced software that are chatbots and so on.
On the basis of secondary data gathered from journals, articles, books, etc, outcomes of
SWOT Analysis for Bondcare Care Homes is below:
Strengths: Weaknesses:
3
Overview of the organisation
Bondcare Care Homes is UK based social care enterprise that operates with philosophy
of developing a warm as well as friendly environment for people to ensure that it treats everyone
with respect addition to sensitivity (Bondcare Care Homes, 2021). It is established at London,
UK. Key focus of the venture is towards comfort and happiness of clients as well as its
professional staff. Major work objectives of the enterprise are to provide quality of living to
residents for the purpose of retaining sense od independence, delivering friendly residential
setting in care home environment, maintaining close links with community and sustaining
morale of residents. At all offices, aim of Bondcare Care Homes is to keep minds and body of
residents active along with stimulated. Along with this, it has diverse range of outside services
such as physiotherapist appointments, GP visits, opticians and hence forth. It delivers appropriate
care and support at care homes and help patients to stay safe, happy along with fulfil lives. Its
practitioners involve helping clients to complete day-to-day tasks and leisure activities. Making
move towards assisted living is considered as a daunting process, however, at the entity,
employees ensure that it is smooth and comfortable.
SWOT Analysis
SWOT Analysis is a tool through which professionals of entity understand business and
its environment in better manner along with develop goals to attain. As per data collected from
multiple sources, it can be said that Bondcare Care Home is popular organisation in Social Care
Sector for its high care services and support to communities. Care services offered by the venture
are at affordable prices that satisfy customer and attracts wider base that is its core strength.
Moreover, there are some clients or patients that says that the employees do not provide adequate
guidance while taking consultancy services due to which they gets dissatisfy (Rashed, 2019).
Bondcare Care Homes have opportunity to meet increasing demand of services through
providing offerings with advanced software that are chatbots and so on.
On the basis of secondary data gathered from journals, articles, books, etc, outcomes of
SWOT Analysis for Bondcare Care Homes is below:
Strengths: Weaknesses:
3
Bondcare Care Homes have strong
brand image in Social Care industry for
its trustworthy services.
It have high motivational workforce
that knows about conditions of
customers or patients, builds
relationship along with ensures to
deliver best services (Petersen, 2018).
It embraces diversity distinctive as well
as unique contribution for manpower
and customers.
Scale of expansion of Bondcare Care
Homes is limited to some geographical
locations, the company lacks
investment in advanced software of
technologies.
Knowledge of its employee are not
updated as per dynamic requirements
oof customers in the sector.
The organisation lacks success to
integrate with companies in the field
having distinct work cultures and
ideologies.
Opportunities:
Tapping into technology is one of
opportunity for Bondcare Care
Homes to reach wider audience at far
geographical locations for the purpose
of offering adequate services.
Implementing changes in certain
policies and adhering new engagement
plans would assist the social care unit
to integrate with establishments having
variant working cultures and ideologies
to deliver services.
Threats:
Advances technologies used by
competitors to provide care services is a
major threat for Bondcare Care Homes
for sustaining in future.
Fierce competition from global,
domestic and regional entities in the
sector creates threat for the care home
to practice its functionalities for
achieving objectives (Featherson,
2021).
Organisational performance against trends pertaining in Social Care Sector
Performance of Bondcare Care Homes have improved as compared with past year in
Social Care sector. All this have happened because its employees have executed efficient
strategies to deliver care services and develop trust within customers. The care home performs its
4
brand image in Social Care industry for
its trustworthy services.
It have high motivational workforce
that knows about conditions of
customers or patients, builds
relationship along with ensures to
deliver best services (Petersen, 2018).
It embraces diversity distinctive as well
as unique contribution for manpower
and customers.
Scale of expansion of Bondcare Care
Homes is limited to some geographical
locations, the company lacks
investment in advanced software of
technologies.
Knowledge of its employee are not
updated as per dynamic requirements
oof customers in the sector.
The organisation lacks success to
integrate with companies in the field
having distinct work cultures and
ideologies.
Opportunities:
Tapping into technology is one of
opportunity for Bondcare Care
Homes to reach wider audience at far
geographical locations for the purpose
of offering adequate services.
Implementing changes in certain
policies and adhering new engagement
plans would assist the social care unit
to integrate with establishments having
variant working cultures and ideologies
to deliver services.
Threats:
Advances technologies used by
competitors to provide care services is a
major threat for Bondcare Care Homes
for sustaining in future.
Fierce competition from global,
domestic and regional entities in the
sector creates threat for the care home
to practice its functionalities for
achieving objectives (Featherson,
2021).
Organisational performance against trends pertaining in Social Care Sector
Performance of Bondcare Care Homes have improved as compared with past year in
Social Care sector. All this have happened because its employees have executed efficient
strategies to deliver care services and develop trust within customers. The care home performs its
4
practices after looking towards pertaining and forecasting emerging trends in order to make
necessary changes in its tactics to work at domestic and international level. Major work agenda
of the care home is to sustain through delivering organisational performances (Fraser, 2017).
This have guided or directed the establishment to meet dynamic demands of its audience and
potential patients.
RECOMMENDATIONS
In order to look towards achieving continuous success, various strategies are essential for
owner of Bondcare Care Homes to adopt. In this context, certain recommendations to Bondcare
Care Homes are underneath:
Responding to change: Within a business, changes are inevitable in nature and entities
having potential for responding towards change are versatile. Owner and whole team of
Bondcare Care Homes is recommended to prepare self and staff for accepting changes and
implementing them effectively. When the business will respond properly to any type of change
then it will result in providing fruitful care in overseas market. It is seen that changes could take
place anytime and anywhere so forecasting, devising and implementing strategies to respond
them will result in achieving ongoing success for delivering key care services (Moutinho and
Carlin, 2021).
Adoption new technologies: Technologies plays great role in expansion of entity at wider
geographical areas. In case with Bondcare Care Homes, managers are suggested to adopt
advances technologies that are artificial intelligence, Chatbots and many more so to provide
solve issues or treat wider people by sitting at office premises. One of effective technology is
Internet of Things through which all operations of care will be streamlined and profitability of
venture will be increased. It will foster efficacy, offer wider opportunities and engage customers
that are key for ongoing success.
Professional development: It is all about training, certification addition to education which
are required by employees to succeed in career. Even when a person working in company have
necessary skills, still they need certain additional knowledge and skill set for future. To managers
of Bondcare Care Homes, it is recommended that they should organise professional development
programme so to upgrade skill set and competence for carry out allotted tasks as per pertaining
trends in the sector. Organising work related development methods, mentoring, off the job
training and formal learning will lead in developing professionals or practitioners (Boss and
5
necessary changes in its tactics to work at domestic and international level. Major work agenda
of the care home is to sustain through delivering organisational performances (Fraser, 2017).
This have guided or directed the establishment to meet dynamic demands of its audience and
potential patients.
RECOMMENDATIONS
In order to look towards achieving continuous success, various strategies are essential for
owner of Bondcare Care Homes to adopt. In this context, certain recommendations to Bondcare
Care Homes are underneath:
Responding to change: Within a business, changes are inevitable in nature and entities
having potential for responding towards change are versatile. Owner and whole team of
Bondcare Care Homes is recommended to prepare self and staff for accepting changes and
implementing them effectively. When the business will respond properly to any type of change
then it will result in providing fruitful care in overseas market. It is seen that changes could take
place anytime and anywhere so forecasting, devising and implementing strategies to respond
them will result in achieving ongoing success for delivering key care services (Moutinho and
Carlin, 2021).
Adoption new technologies: Technologies plays great role in expansion of entity at wider
geographical areas. In case with Bondcare Care Homes, managers are suggested to adopt
advances technologies that are artificial intelligence, Chatbots and many more so to provide
solve issues or treat wider people by sitting at office premises. One of effective technology is
Internet of Things through which all operations of care will be streamlined and profitability of
venture will be increased. It will foster efficacy, offer wider opportunities and engage customers
that are key for ongoing success.
Professional development: It is all about training, certification addition to education which
are required by employees to succeed in career. Even when a person working in company have
necessary skills, still they need certain additional knowledge and skill set for future. To managers
of Bondcare Care Homes, it is recommended that they should organise professional development
programme so to upgrade skill set and competence for carry out allotted tasks as per pertaining
trends in the sector. Organising work related development methods, mentoring, off the job
training and formal learning will lead in developing professionals or practitioners (Boss and
5
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Larmer, 2018). Ongoing professional development not only includes educational practices for
improving competence in medical skills, rather it also builds team. Interpersonal communication,
accountability along with professionalism in Social Care sector.
CONCLUSION
From the assessment, it is concluded that inquiry project are open approach that nurture
talents, enhance motivation, develop research skills and engages wider people. People working
in Social Care sector supports individuals requiring nonclinical requirements, implementing care
plan and providing full support which are essential for clients or patients. The sector fulfil
dreams of people that are passionate for caring others as well as brings best out of them. Key
objective of the sector is to support groups that reside with special needs, personal crises and
disabilities to manage daily life. Trends pertaining within social care sector are tapping into
technology, professional development opportunities, jobs and Salaries. Using SWOT Analysis is
one of framework top look towards internal factors impacting the business and analysing
organisational performances towards emerging trends within the sector. Responding to change,
adoption new technologies and professional development are some suggested ways for achieving
ongoing success.
6
improving competence in medical skills, rather it also builds team. Interpersonal communication,
accountability along with professionalism in Social Care sector.
CONCLUSION
From the assessment, it is concluded that inquiry project are open approach that nurture
talents, enhance motivation, develop research skills and engages wider people. People working
in Social Care sector supports individuals requiring nonclinical requirements, implementing care
plan and providing full support which are essential for clients or patients. The sector fulfil
dreams of people that are passionate for caring others as well as brings best out of them. Key
objective of the sector is to support groups that reside with special needs, personal crises and
disabilities to manage daily life. Trends pertaining within social care sector are tapping into
technology, professional development opportunities, jobs and Salaries. Using SWOT Analysis is
one of framework top look towards internal factors impacting the business and analysing
organisational performances towards emerging trends within the sector. Responding to change,
adoption new technologies and professional development are some suggested ways for achieving
ongoing success.
6
REFERENCES
Books and Journals:
Bandelj, N. and Wherry, F. F., 2020. Introduction. An Inquiry into the Cultural Wealth of
Nations. In The cultural wealth of nations (pp. 1-20). Stanford University Press.
Boss, S. and Larmer, J., 2018. Project based teaching: How to create rigorous and engaging
learning experiences. ASCD.
Dowd, A.C. and Liera, R., 2018. Sustaining change towards racial equity through cycles of
inquiry. education policy analysis archives, 26, p.65.
Featherson, M. P., 2021. The Automated Enterprise: A Narrative Inquiry Exploring Worker
Perceptions of Robotic Process Automation (RPA) in a Global Life Sciences
Organization (Doctoral dissertation, Drexel University).
Fraser, W., 2017. Seeking Wisdom in Adult Teaching and Learning: an autoethnographic
inquiry. Springer.
Gordon-Nesbitt, R. and Howarth, A., 2020. The arts and the social determinants of health:
findings from an inquiry conducted by the United Kingdom all-party parliamentary
group on arts, health and wellbeing. Arts & health, 12(1), pp.1-22.
Heath-Kelly, C. and Strausz, E., 2019. The banality of counterterrorism “after, after 9/11”?
Perspectives on the Prevent duty from the UK health care sector. Critical studies on
terrorism, 12(1), pp.89-109.
Jack, K., Tetley, J. and Chambers, A., 2019. The education of nurses working in care homes for
older people: An Appreciative Inquiry. International journal of older people
nursing. 14(2). p.e12223.
Moutinho, R. and Carlin, A. P., 2021. ‘learning Moments’ As Inspectable Phenomena Of Inquiry
In A Second Language Classroom. Problems of Education in the 21st Century, 79(1),
p.80.
Petersen, A., 2018. Digital health and technological promise: A sociological inquiry. Routledge.
Rashed, M. A., 2019. Madness and the demand for recognition: A philosophical inquiry into
identity and mental health activism. Oxford University Press.
Zeng, Y. and Day, C., 2019. Collaborative teacher professional development in schools in
England (UK) and Shanghai (China): cultures, contexts and tensions. Teachers and
teaching, 25(3), pp.379-397.
Online:
Bondcare Care Homes. 2021. [Online]. Available through: < https://www.bondcare.co.uk/>
Smith. J. 2020. Overview of the Social care Sector. [Online]. Available through:
https://www.prospects.ac.uk/jobs-and-work-experience/job-sectors/social-care/
overview-of-the-social-care-sector#:~:text=Social%20care%20in%20the%20UK,
%C2%A343billion%20to%20the%20economy.
7
Books and Journals:
Bandelj, N. and Wherry, F. F., 2020. Introduction. An Inquiry into the Cultural Wealth of
Nations. In The cultural wealth of nations (pp. 1-20). Stanford University Press.
Boss, S. and Larmer, J., 2018. Project based teaching: How to create rigorous and engaging
learning experiences. ASCD.
Dowd, A.C. and Liera, R., 2018. Sustaining change towards racial equity through cycles of
inquiry. education policy analysis archives, 26, p.65.
Featherson, M. P., 2021. The Automated Enterprise: A Narrative Inquiry Exploring Worker
Perceptions of Robotic Process Automation (RPA) in a Global Life Sciences
Organization (Doctoral dissertation, Drexel University).
Fraser, W., 2017. Seeking Wisdom in Adult Teaching and Learning: an autoethnographic
inquiry. Springer.
Gordon-Nesbitt, R. and Howarth, A., 2020. The arts and the social determinants of health:
findings from an inquiry conducted by the United Kingdom all-party parliamentary
group on arts, health and wellbeing. Arts & health, 12(1), pp.1-22.
Heath-Kelly, C. and Strausz, E., 2019. The banality of counterterrorism “after, after 9/11”?
Perspectives on the Prevent duty from the UK health care sector. Critical studies on
terrorism, 12(1), pp.89-109.
Jack, K., Tetley, J. and Chambers, A., 2019. The education of nurses working in care homes for
older people: An Appreciative Inquiry. International journal of older people
nursing. 14(2). p.e12223.
Moutinho, R. and Carlin, A. P., 2021. ‘learning Moments’ As Inspectable Phenomena Of Inquiry
In A Second Language Classroom. Problems of Education in the 21st Century, 79(1),
p.80.
Petersen, A., 2018. Digital health and technological promise: A sociological inquiry. Routledge.
Rashed, M. A., 2019. Madness and the demand for recognition: A philosophical inquiry into
identity and mental health activism. Oxford University Press.
Zeng, Y. and Day, C., 2019. Collaborative teacher professional development in schools in
England (UK) and Shanghai (China): cultures, contexts and tensions. Teachers and
teaching, 25(3), pp.379-397.
Online:
Bondcare Care Homes. 2021. [Online]. Available through: < https://www.bondcare.co.uk/>
Smith. J. 2020. Overview of the Social care Sector. [Online]. Available through:
https://www.prospects.ac.uk/jobs-and-work-experience/job-sectors/social-care/
overview-of-the-social-care-sector#:~:text=Social%20care%20in%20the%20UK,
%C2%A343billion%20to%20the%20economy.
7
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