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Q.1 What are the things to be kept in mind for setting up an industry?
Q.2 What kind of system is an industrial system?
Q.3 What do you mean by industrial sector?
Q.4 What are the benefits of setting up industries?
Answers
Ans.1) Believe in the idea and take a market feasibility test. Start with reading the “Start-up Owner’s Manual”. The Manual helps in understanding and knowing how to go about.
Ans.2) Industrial control system (ICS) is a general term that encompasses several types of control systems and associated instrumentation used for industrial process control. Such systems can range in size from a few modular panel-mounted controllers to large interconnected and interactive distributed control systems with many thousands of field connections.
Ans.3) The industrial sector of the economy is one that make finished products which can then be utilized viz. construction and manufacturing industry. Industrial sector is also known as secondary sector. Industrial sector or secondary sector is one of the 3 sectors that make up a country's economy.
Ans.4) Benefits of setting of an industry :
- Economies of scale. Units located in an industrial estate can adopt centralized buying and selling. The requirement of all the members for raw materials and components can be pooled together and bulk purchases made.
- Economies of Agglomeration. Agglomeration refers to the benefit of reduced production costs because of concentration of industries. The benefits from agglomeration are
- Benefits of inter-relatedness. The finished product of one unit might be the raw material for another unit. Since the units are located close by, it results in savings in transportation costs for the purchaser and assured market and reduced selling cost for the seller.
- Low investment. Since the government provides land for setting up industrial estates at affordable costs, the initial investment is less. Industrialists can acquire assets on hire-purchase or on lease and can benefit from higher output.
- Availability of infrastructure. The infrastructural facilities such as electricity, water, roads, telecom etc., are readily available in industrial estates.
Kya din aa gaye hai, khud ki id se khud ko hi answer dena pad raha hai -_-
☆ans☆( 1 ) Believe in the idea and take a market feasibility test. Start with reading the “Start-up Owner’s Manual”. The Manual helps in understanding and knowing how to go about.
☆ans☆ ( 2 ) Industrial control system (ICS) is a general term that encompasses several types of control systems and associated instrumentation used for industrial process control. Such systems can range in size from a few modular panel-mounted controllers to large interconnected and interactive distributed control systems with many thousands of field connections.
☆Ans.☆ ( 3 ) The industrial sector of the economy is one that make finished products which can then be utilized viz. construction and manufacturing industry. Industrial sector is also known as secondary sector. Industrial sector or secondary sector is one of the 3 sectors that make up a country's economy.
☆Ans.☆ ( 4 ) Benefits of setting of an industry :
) Benefits of setting of an industry :Economies of scale. Units located in an industrial estate can adopt centralized buying and selling. The requirement of all the members for raw materials and components can be pooled together and bulk purchases made.
) Benefits of setting of an industry :Economies of scale. Units located in an industrial estate can adopt centralized buying and selling. The requirement of all the members for raw materials and components can be pooled together and bulk purchases made.Economies of Agglomeration. Agglomeration refers to the benefit of reduced production costs because of concentration of industries. The benefits from agglomeration are
) Benefits of setting of an industry :Economies of scale. Units located in an industrial estate can adopt centralized buying and selling. The requirement of all the members for raw materials and components can be pooled together and bulk purchases made.Economies of Agglomeration. Agglomeration refers to the benefit of reduced production costs because of concentration of industries. The benefits from agglomeration areBenefits of inter-relatedness. The finished product of one unit might be the raw material for another unit. Since the units are located close by, it results in savings in transportation costs for the purchaser and assured market and reduced selling cost for the seller.
Low investment. Since the government provides land for setting up industrial estates at affordable costs, the initial investment is less. Industrialists can acquire assets on hire-purchase or on lease and can benefit from higher output.
Availability of infrastructure. The infrastructural facilities such as electricity, water, roads, telecom etc., are readily available in industrial estates.