Question

What is an industry? Explain its importance.​

Answer 1

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Industries play an important role in the economic development of any nation . without industries, economic development is impossible. ... The various favourable factors present in the country for the development of industries are: The country is rich in natural resources, such as minerals, forests, fisheries, etc.

Answer 2

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An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Industry comes from the Latin industria, which means "diligence, hard work," and the word is still used with that meaning.

industries help in modernizing agriculture which forms the backbone of our economy. 2. industrial also reduces the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sector