Write any five roles of industries in national economy.
Answers
Answer:
Role of Industrial Development in Economic Growth
Modernisation of Industry: ...
2. Development of Science and Technology: ...
Capital Formation: ...
Industrialisation and Urbanisation: ...
Self-reliance in Defence Production: ...
Importance in International Trade: ...
Use of Natural Resources: ...
Alleviation of Poverty and Unemployment:
Explanation:
If agriculture is the backbone of the economy, industry is the energy. The rapid development of capital goods industries promote the growth of agriculture, transport and communication. It also enables the country to produce a variety of consumer goods in large quantities and at low costs.
1,Modernisation of Industry: · 2. Development of Science and Technology: · 3. Capital Formation: · 4. Industrialisation and Urbanisation: