Question

why are industries called the basis of ecnomic grouth​

Answer 1

Answer:

Increases in productivity are the major factor responsible for per capita economic growth—this has been especially evident since the mid-19th century. Most of the economic growth in the 20th century was due to increased output per unit of labor, materials, energy, and land (less input per widget).

Explanation:

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Answer 2

Answer:Industries are called basis of economic progress because: ... Industries provide for the production of goods and provision of services. b. Industries generates employment for millions of people.

Explanation: