why is it important for us to absorb industrial activities? explain
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The national economy of a nation is highly dependent on the industrial activities (production, profit, loss etc.) ... Now, monitoring system is always been an important part of the economy in order to determine the health of the national economy. This helps in taking the future decisions to improve the economy.
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it reduces heavy dependence on agricultural income by providing jobs in non-agricultural sectors. Industrial development is necessary for eradication of poverty and unemployment because people get jobs and generate more income. Export of manufactured goods expands trade and brings in much needed foreign exchange.
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