what are benefits of heavy industries
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Here are some advantages of large scale industries: They provide an impetus to the industrialization of the country. Large scale industries, usually, produce capital and basic goods (instruments, machines, chemicals, etc.) They are capable of generating funds for the research and development of new technologies.
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- Heavy industry relates to a type of business that typically carries a high capital cost (capital-intensive), high barriers to entry, and low transportability.
- The term "heavy" refers to the fact that the items produced by "heavy industry" used to be products such as iron, coal, oil, ships, etc.
- This industry requires bulky and heavy raw materials like limestone, silica, alumina and gypsum.
- Coal and electric power are needed apart from rail transportation
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