Question

in your opinion which of the the basic and consumer industry should be given priority and why

Answer 1

development of basic or key industries must be given priority because:
1) basic industries like iron and steel when are set up, provide more foreign exchange when they are exported.
2) they help in supporting many other industries depending on the raw material they produce.
3) they account for a good amount of GDP as well, because they provide employment to large number of people.
4) they are self sustaining manufacturing units,and don't depend on other raw materials,or industries for their development.

Answer 2

Which of the the basic and consumer industry should be given priority.

Explanation:

• The basic industry is an example of the basic business including the big manufacturing and the mining industries and the non-basic industry includes the service company's small consulting companies and the convenience stores.

• The basic industry result in the forex exchange earnings and create new incomes and also spread power in the economy and thus are drastic and incorporate changes and the consumer or non-basic require the goods and the services that satit he needs and the wants rather than use in production.  

• The various industry is the manufacturing plants and the raw material processing and other components of the consumption and satisfaction. Thus, in my opinion, the primary industry is the basic industry should be given more preference as they are the basic and main source of the nation's wealth.

Know more about the basic and the consumer industry.

https://brainly.in/question/6980883 answered by Samriddhi77.

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