Question

what are the benefits of setting up industry ​

Answer 1

Top 10 advantages of Industrial estatesEconomies of scale. Units located in an industrial estate can adopt centralized buying and selling. ...Economies of Agglomeration. ...Benefits of inter-relatedness. ...Low investment. ...Availability of infrastructure. ...Availability of support facilities. ...Mutual cooperation. ...Focus on business.

Answer 2

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Explanation:

The benefits of setting up industry were as follows:

• setting up industry increase production level in the country
• An industry provides employment to thousands of youths
• It contributes to the economy and hence increase GDP of a country.
• It improves the standard living of the people
• Industry 's growth make a country self reliance and self dependent
• In an backward area where industry setup it improves the overall backward region area's infrastructure
• As industry setup production increases and wide variety of choices will be avail to the people.