What is the Important of the industry in building the national economy in a country ?
Answers
Heya
The importance of industries in the building of national economy of a country can be explain in the following prospectives....
1 Support agriculture sector
Industries provide the machineries to the agricultural sector and enhance its productivity...
2 Provide the employment
Industries needed the large no of labour to produce the out put of demand this it gives employment..
3 Contribute in GDP growth
Higher the level of industries indicate the higher GDP growth of the country..
4 Improve the work in infrastructure sector
Industries gives a push to government to improve the infrastructure of the country that gives the rise in exports and imports of the country...
5 Fulfill the demand of consumer in economy
Industrial sector produce the goods needed for daily consumption in the economy...
Thank you
Answer:
Explanation:
Increase in National Income. Industrialization allows countries to make optimal use of their scarce resources. It increases the quantity and quality of goods manufactured in that company, which makes a larger contribution to gross national product (GNP).