Explain with suitable example how a basic industry is different from a consumer industry?Im your opinion which one of the two should be given priority and why?
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Basic industry is like steel and iron industry which is the backbone of other industries
but
Consumer industry produces goods for the people like food oil industry which directly consumed by the consumers
Basic must be given priority as it produces steel and iron from which various Machinaries are made and used in all industries like in consumer industry
but
Consumer industry produces goods for the people like food oil industry which directly consumed by the consumers
Basic must be given priority as it produces steel and iron from which various Machinaries are made and used in all industries like in consumer industry
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