What is meant by Industrial production?
Answers
Answer:
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. ... This makes industrial production an important tool for forecasting future GDP and economic performance.
Explanation:
e.
What is meant by Industrial production?
Industrial production refers to the activity in which some kind of output is obtained. Industrial production includes sectors such as manufacturing, mining, electricity, gas, steam, and air conditioning. In these sectors, some kind of output is obtained through specific activities and with the help of raw materials. That is why industrial production is a process of obtaining the desired output through the proper process.
Industrial production is a major part of the activity of the industry, it is only through industrial production that industries are established and the economy of any country gets a boost.
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Which of the following is not a business activity?
(a) Production of goods (b) Work in a factory for wagas
(c) Exchange of goods (d) Transportation
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Which of the following Indian industries has been hit hard by globalisation?
a) information technology (IT) b) Toy making c) Jute d) Cement