heavy industry definition( class10)
Answers
Answer:
eavy industry relates to a type of business that typically carries a high capital cost (capital-intensive), high barriers to entry, and low transportability.
Answer:
first you must know what is industry:
●An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. ... Industry comes from the Latin industria, which means "diligence, hard work," and the word is still used with that meaning.
Now let we see what is heavy industry
Heavy industry relates to a type of business that typically carries a high capital cost (capital-intensive), high barriers to entry, and low transportability. The term "heavy" refers to the fact that the items produced by "heavy industry" used to be products such as iron, coal, oil, ships, etc
As well as your definition is:-
Heavy industry relates to a type of business that typically carries a high capital cost (capital-intensive), high barriers to entry, and low transportability. The term "heavy" refers to the fact that the items produced by "heavy industry" used to be products such as iron, coal, oil, ships, etc.
Examples of heavy industry:-
- Oil
- mining
- shipbuilding
- steel
- chemicals
- machinery manufacturing etc.,
Explanation:
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