Question

Why is it important for us to observe industrial activities ?

Answer 1

Industrial development has had an impotortant role in the econilomic growth of Technological procegress in driven by R&D activities which in turn are fulled by private the sector is a driving force for economic growth..
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Answer 2

It is important for us to observe industrial activities because -

• The national economy of a nation is highly dependent on the industrial activities (production, profit, loss etc.) happening in that country.

• 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.

• Now, observation of the industrial sectors is an important part of the monitoring system of our economy and that's why observation of the industrial activities is very important for us.