What are basic industries? Give one example.
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Basic industries are those which supply their raw materials to industries which manufacture other goods. An example is the iron and steel industry which supplies steel to the automobile industry. (ii) The important raw materials used in the manufacturing of cement are: limestone, silica, alumina and gypsum.
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Basic or key industries are those which supply their products or raw materials to manufacture other goods e.g. iron and steel, copper smelting and aluminum smelting.
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