Question

3. Discuss the importance of industries in the national economy as well as understand
regional disparities which resulted due to concentration of industries in some areas.
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Answer 1

Answer:

Industries are very much important in the national economy and they important role in this.

Explanation:

• Economic expansion has always followed industrial improvements.
• New technologies simplify, expedite, and improve work processes, which can enhance a company's output and profitability.
• More extensive advantages of industrialization in the workplace abound as well.
• We examine a number of the advantages of industrial development and its favourable effects on the economy below.
• Industrial Development increases the profits.
• Industrial Development leads to the Urbanization of cities.
• Industrial Development increases the standard of living.
• Industrial Development decreases unemployment and poverty.
• Industries concentrated only in some areas led to the regional disparities within the states.
• The states with more industries have emerged as the richer than the other states.
• This should be stopped with proper planning and industries should be launched equally in all states.

In this way the industries are important in the national economy.

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