how do industries increase the prosperity of our country?
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=>Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...
=>Physical Capital or Infrastructure. ...
=>Population or Labor. ...
=>Human Capital. ...
=>Technology. ...
=>Law.
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Indeed industrialization contributes to the growth of economy, inturn it helps in developing a nation. An industry which is established in particular place will provide some job opportunities to unemployed and eligible citizens. Economy boosts up with more exports, so reduces inflation and helps in stable economy.
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