Geography, asked by abhi1732, 1 year ago

what do you mean by basic industry? with examples

Answers

Answered by beingtani19
19
Basic or key industries arethose which supply their products or raw materials to manufacture other goods e.g. iron and steel and copper smelting, aluminium smelting.

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Answered by vasanthij97
7

Industrial sector which exports all or nearly all of its production. Basic industries, as a result of their foreign exchange earnings, create new incomes and additional spending power in their country's economy.

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Examples of basic businesses include big manufacturing and mining companies.

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