Discuss what is meant by the word `basic'. What are the basic necessities for industries?
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1)Basic research, also called pure research or fundamental research, has the scientific research aim to improve scientific theories for improved understanding or prediction of natural or other phenomena. ... Though often driven by curiosity, basic research fuels applied science's innovations.
2) A traditional list of immediate "basic needs" is food (including water), shelter and clothing. Many modern lists emphasize the minimum level of consumption of 'basic needs' of not just food, water, clothing and shelter, but also sanitation, education, and healthcare.
2) A traditional list of immediate "basic needs" is food (including water), shelter and clothing. Many modern lists emphasize the minimum level of consumption of 'basic needs' of not just food, water, clothing and shelter, but also sanitation, education, and healthcare.
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The meaning of the word 'basic' is, something which is needed as the most fundamental subject in certain circumstances.
• The basic necessities for industries are as follows :
- Raw materials : The easy and cheap availability of raw materials is necessary.
- Labour : The industrial production is dependent on the labour works.
- Financial capital : The financial investments are necessary for investing in the other necessary elements.
- Transportation : The transportation of the raw materials and finished products is also necessary.
- Market demand : The market demand for the finished products is also necessary for the industries to survive in the industrial world.
And many more.
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