Question

Write in your own words how industrial development impacts national development.

Answer 1

"Industrialization assumes an imperative part of the monetary advancement of immature nations. Industry assumes a mind-boggling part of financial advancement.

• Animated Progress in Other Sectors

• Arrangement for Defence

• Ascend in Agricultural Production

• Bigger Scope for Technological Progress

• Change in Balance of Payments

• Expanded Employment Opportunities

• Expanded Savings and Investments

• Higher Standard of Living

• Improvement of Markets

• The increment in Government Revenue

• The increment in National Income

• Lessening in the Rate of Population Growth

• Lesser Pressure on Land

• Monetary Stability

• More noteworthy Control of Economic Activity

• More noteworthy Specialization of Labour

"

Answer 2

(1) Industrial Development generate employment opportunities.

(2) Due to increase employment level, people get jobs and per capita income increases. This for the 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 impact national development.