Question

Write in your own words how industrial development impact national development

Answer 1

(1) Industrial Development generate employment opportunities.

(2) Due to increased employment level, people get jobs and per capita income increases. This further increases the standard of living of people.

(3) Industrial Development increases the value of the Gross National Product.

(4) Industrial Development increases the production of various goods. By exporting the surplus goods, country can earn foreign exchange. In this way, Industrial Development positively impacts national development.

Answer 2

Answer:

1. (1)Industrial Development generate employment opportunities. (2) Due to increased employment level, people get jobs and per capita income increases. This further increases the standard of living of people. (3) Industrial Development increases the value of the Gross National Product.