Why Industry helps in the economic growth of a country.
Give Reason:
Answers
Answered by
1
Answer:
Explanation:
Industry is viewed as leading sector to economic development. We can have economies of scale by applying advanced technology and division of labour and scientific management. So production and employment will increase rapidly. This will bring economic growth and capital formation.
Answered by
0
A industry helps in economic growth of a country because industry produces much of finished goods or products which is exported to other countries in change of money thus leads in economic growth. The products can be used in same country to rise th economic status.
Similar questions