how the industries contribute to eradication of unemployment and poverty?
please answer tomorrow is paper .at least make 5 points on it
Answers
Industries contribute to eradication of unemployment and poverty in the following ways:-
1. Industries help in improving agriculture through creation of tools, implements, HYV seeds, etc.
2. Industries not only improve agriculture but they also lessen the dependence of people on agriculture.
3. Industries can drive out unemployment and poverty by creating many jobs in the industrial sector.
4. Industries can also reduce regional disparities especially by creating jobs in the backward areas of our country.
5. Industries bring about much needed foreign exchange and expand trade and commerce which is beneficial for the country as that increases the country's income.
6. Countries that convert their raw materials into more value added products through manufacturing that involves industrial processes are more prosperous.