Economy, asked by e7vinjh07anc0b, 5 hours ago

Explain the diagram about the establishment of Industries in the community.​

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Answered by shivic58sl
8

Answer:

The establishment of Industries is a 5 phase process.

Explanation:

The establishment of Industries is a 5 phase process that includes the creation of Industry, creating employment, revenue for the government, government Infrastructure and projects, and Increasing services for the people. The industry is built, someone has taken an initiative and started the industry, and later on, this will open up employment options. Under many schemes, the government offers revenue for starting up the business. Government infrastructure and projects give them guidance. Increasing services for the people are where more employment options for people will be open.

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Answered by syed2020ashaels
2

Answer:

The diagram entails the establishment of industries in the form of a simplified five-phase process.

Explanation:

The establishment of industries is a five-phase process that is more often than not studied in the form of a loop.

In this diagram, we can see an illustration of five different phases, namely:

  1. Creation of Industry
  2. Creates Employment
  3. Revenue for the Government
  4. Government infrastructure and Projects
  5. Increase Services for the people.

This diagram is illustrated in the form of a circular loop because all five phases complement each other in their own unique ways. Each phase stems from the one mentioned just before it and so on.

  • The industry, once created, leads to the creation of employment opportunities.
  • Further in this process, we witness certain benefits that the ruling government would take the fruit of and thus will be capable of providing us with better infrastructure.
  • It increases services for the people and the process goes on.

Hence, these are the five phases of the establishment of industries.

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