Question

how are industries important to us? explain three points.
please tell
don't tell unnecessary massages ​

Answer 1

Answer:

the importance of the industries are as follows

industries help in modernizing agriculture which form the backbone of economy.

they reduces the heavy dependence of people on agriculture income by providing them jobs in secondary and tertiary sector.

industries also help in the export and import of the country is increasing the GDP.

since industries required lot of workers therefore it will provide employment to the people increasing the per capita income of the country.

i)Rapid growth of income

The first and the foremost argument in favour of industrialization is that it can provide a base for rapid growth of income. It is because of the fact that that productivity rates are higher in industry than in agriculture. Industries mainly depend on man's effort while agriculture is restricted by the limiting factor of the nature. It is also seen that the Industrialized nations have a high per capita income.

ii)Employment

With the increasing population agriculture is unable to provide for employment. Hence it is very important to set up industries to absorb this surplus labour. Hence industries can solve the problem of unemployment.

iii)Exploitation of resources

Industries are capable of utilizing all the resources present in the economy. They can even make use of scraps and waste materials. Agriculture cannot make use of all the resources.

iv)Foreign exchange

India cannot earn adequate foreign exchange from the exports of its primary products. It is because of the fact that the demand for such products is very low in other countries. Industrial exports need to be added to the primary products.

Explanation:

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