Question

What is industry? why is it important​

Answer 1

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Industry is a place where products are produced by the agricultural products or by raw materials. For example- Cotton is produced by cotton plant, so, it is agricultural product. it is found as raw material. then raw cotton goes to cotton textile mills and cotton clothes are made by raw cotton.

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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Answer 2

Explanation:

Industry

It is defined as a group or organization or we can say group of companies that are related on their primary business activities

Importance of Industry

1. Increase in employment
2. Increase in GNP
3. Increase in demand of various good