how do you determine the significance of industries
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The rapid development of capital goods industries promote the growth of agriculture, transport and communication. It also enables the country to produce a variety of consumer goods in large quantities and at low costs. It also eliminates our dependence on other countries for the supply of essential goods
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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