Question

what is an industries? explain briefly the importance of industry.​

Answer 1

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Answer 2

Answer:

Industries - An industry is a sector that produces goods or related services within an economy. The major source of revenue of a group or company is an indicator of what industry it should be classified in.

Importance of Industries :-

1. Industries helps in modernizing agriculture which forms the backbone of our economy.

2. Industries reproduces the heavy depends of people on agricultural income by providing them jobs in secondary and tertiary sectors.

3. Industrial development helps in removal of unemployment and poverty.

4. Industries also aims at bringing down regional differences by establishing industry in backward areas.

5. Export of manufactured goods expands trade and commerce.

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