Question

Define viable and non-viable industry with suitable diagram...??

Answer 1

hyy...

☆Those industries whose equilibrium can be determined are knows as viable industries .

☆ those industries whose equilibrium cannot be determined are knows as non viable industries

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Answer 2

Viable industries are the one that their equilibrium can be easily determined and its price elasticity can be directly compared to he rate of quantity demanded and the rate of quantity supplied. Non viable industries are those that whose equilibrium can not be reached at and its rate of quantity demanded and quantity supplied can  not be reached at even if there is price elasticity of demand.

vic