what is basic industry give example?
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Basic industries are the industries that supply their products as raw material to other industries to produce the goods. They are also called as key industries. These companies require huge investment, thus are mainly owned by the government. An example of basic industries is the iron and steel industries
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HEY FRIEND HERE IS UR ANSWER,
Basic or key industries are the industries which supply their product or raw materials to manufacture other goods.
Example – Iron and steel industries provide iron and steel to other industries as the raw material.
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