_____ assists in economic growth by increasing personal income, retail sales, and bank deposits.

Choosing industry as the correct answer underscores its crucial role in driving economic growth through various mechanisms. Industry creates a multitude of job opportunities, which directly leads to increased personal income for individuals. As people earn higher wages, they tend to spend more on goods and services, resulting in higher retail sales. This increased consumer spending stimulates local businesses, further contributing to the economy.

Additionally, thriving industries often lead to enhanced investment in infrastructure and services, which can improve overall community prosperity. As companies grow and generate profit, they deposit significant amounts in financial institutions, leading to higher bank deposits. This influx of capital can be reinvested in the economy, fostering further growth and development.

While tourism, agriculture, and technology also contribute to economic advancement in unique ways, their impacts may be more sector-specific or dependent on external factors. For instance, tourism is highly susceptible to global events that can affect travel, agriculture can be impacted by environmental conditions and global market prices, and technology is often linked to the existing industrial base and requires significant investment. Therefore, industry stands out as a multifaceted driver of economic growth, impacting various aspects such as income, sales, and banking.