Economy, asked by patelsaurin4105, 11 months ago

Why is iron and steel industry called basic industry? What are the problems faced by these industries .

Answers

Answered by kaveds
3

Answer:

it is called a basic industry because:-

Explanation:

1.) it provides all the other industries with raw materials and we cannot imagine any industry which does not use iron and steel in one form or the other.

2.) it helps in development of other sectors such as agriculture sector etc.

the problems faced are :-

1.) metals are hard to obtain

2.) expensive

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