Question

contribution of industry to national economy ​

Answer 1

Answer:

Contribution of industries to a national economy by, a)Industries provide for the production and goods and provision of services. It has brought about substantial increase in GDP of any country. b)Industries generates employment for vast majority which help in improving living standard and poverty eradication

Answer 2

• Industries provide for the production and goods and provision of service.

• Industries generates employment for the majority which help in improving living standard and poverty reduction.

• It ensure export of manufactured goods thereby adding to the country's foreign exchange.

• Industrial sectors adds to country's growth and provide wide variety of choice for consumers.

• It improve country's infrastructure and contribute to the overall development.