Explain the industrial system of the iron and steel industry
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Explanation:
As we learned the industrial system, this industry comprises of various inputs, processes, and outputs. The input includes raw material such as iron ore, labor, capital, and other infrastructure. Iron ore is then converted into steel by various processes like smelting and refining.
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Answer:
As we learned the industrial system, this industry comprises of various inputs, processes, and outputs. The input includes raw material such as iron ore, labor, capital, and other infrastructure. Iron ore is then converted into steel by various processes like smelting and refining.
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