information about domestic industrial products is to be shared with others.
Answers
Answer:
domestic industry means, with respect to an imported product, the producers as a whole of the like or directly competitive product or those producers whose collective production of the like or directly competitive product constitutes a major proportion of the total domestic production of such product
Domestic industry is the industry in the home country, that produce for local market.
traditionally, india had six major industries. these were iron and steel, textiles, jute, sugar, cement, and paper. further, four new industries joined this list namely, petrochemical, automobile, information technology (it), and banking & insurance. these industries are important for india's economy.
domestic industry refers to manufacturers that produce goods within their country of residence. ... domestic industries usually consist of energy-related businesses, plastic or metal manufacturers, and agriculture or textiles. these goods contribute to the overall gross domestic product of a country.
Explanation:
hope this helps you
The Domestic industry refers to producers who create things in their home nation.
Explanation:
- The Domestic industry refers to producers who create things in their home nation. Domestic-industry goods are sold in the nation where they are made.
- However, as per the World Trade Organization, they can also be exported. Domestic industries often include energy-related companies, plastic or metal producers, agriculture, and textiles.
- These products add to a country's overall gross domestic output. There is fear that importing items manufactured in local industries would result in dumping or unfair competition in the market.