Business Studies, asked by bilalaliawan63, 5 months ago

what is industry important of industry ​

Answers

Answered by BihariLadki
8

Answer:

Every country also wants to remove the poverty by improving the industrial sector. Following are the main advantages of industrial development : 1. Increase in Employment :- When the development of industrial sector the employment opportunities can increase and rate of unemployment can reduce.

Explanation:

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Answered by jaedensujan2011
25

Answer:

Industrial growth is often linked with higher wages The production that industry provides buts more money and more services for the economy leading to higher income per capita and more labor productivity. The standard of living increases when industry increases.

Explanation:

Industrial growth helps in reducing the unemployment and poverty. Industrial growth can earn foreign exchange by exporting the finished goods and thus, can expand its trade and commerce. Because they provide us various devices useful for us. they make it from raw material.

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