Question

explain with suitable example how the basic industry is different from a consumer industry in your opinion which one of the two should be given priority and why

Answer 1

Basic industry is an important industry on which other industries depend for their machinery and other products. For example, iron and steel industry is a basic industry because its finished product is steel. ... Consumer industry process t

Answer 2

Basic goods industry is a type of industry which generally produces those goods which are used by the industry for the production of other goods.

It generally includes production of machineries, plants etc.

Consumer goods industry is a type of industry which generally produces those goods which can be directly consumed by the consumers.

These are those type of goods which are produced for the ultimate consumers.