Which untility is created when finish goods are produced from raw materials?
Answers
✿★Industry creates form utility.
✿★The utility which is created by industry is that it change raw materials into finished products which can be we use in our daily life.
✿★ ex toothpaste,soap,pen,copy etcIndustries provide various utilities to the consumers and the economy.
✿★ It performs the economic activity of converting the raw material into useful goods which are then consumed by the consumers.
✿★They mainly involve activities such as extraction of raw materials, breeding of animals, processing and production of goods and services and much more...
✿★ Thus, by providing the consumers with the produced goods and services, the industries form an important part of the economy.
✿★Also, by generating employment opportunities for the people, industries helps in fulfilling its social responsibility towards the society.