Question

why did the government take up the responsibility to set up basic goods industries

Answer 1

The government takes up the responsibility to set ip basic good industries because :-
1. Its their work to do so.
2. To impress the industrialists and to gain the power in the next elections too.
3. It improves the city development.
4. It convinces the educated people to enter in the city and hence improving the development.
Hope it helps

Answer 2

Answer:

Basic good industries or key industries are those who supply their products or raw materials for the manufacturing of other goods. Iron and steel industry is an important basic good industry. During the 1960s, the government took up the responsibility for setting up and promotion of the basic good industries. The government took up the responsibility as these industries were of strategic importance to the growth of the economy. They were the factors guiding the direction and the degree of economic expansion. Also, these were major industries requiring huge capital investment. The private industries at that time were unwilling to invest in such large amounts in an economy that was growing. Thus government took up the responsibility of the establishment and expansion of the basic good industries.

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