Question

What are the needs of Industry in Economy?

Answer 1

Needs of Industry in an economy are as follows.

1. Industry serves as the Epicentre of Growth..

2. Industry is a source of Employment..

3. Industry offers machenised means of Farming..

4. It removes poverty..

5. It leads to change in the growth of civilization.

6. It promotes infrastructural growth..

Answer 2

There are various needs of industry in economy :
1-capital
2-cheap transport
3-labour
4-easily available raw materials
5-good market value etc.

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