Explain the industries on the basis of the bulk and weight of raw material and finished goods
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Industries are classified on the basis of the weight of raw materials and finished goods in the following manner: Heavy Industries: These industries use heavy raw materials and also produce heavy goods, e.g., iron and steel, cement, ship-building, automobiles, etc.
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Explanation:
the SMC curve cut the AVC curve at the minimum point of the AVC curve
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