what do you mean by basic industry? with examples
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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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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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