Q. What is the importance of industries in economic growth?
Top Answer
Solution:
Industries are very important for economic growth because they help a country produce goods and services that people need and want. When industries grow, they create jobs for many people, which helps reduce unemployment and improves people’s living standards. For example, factories that produce clothes, cars, or food products offer work to many people.
Industries also help in earning money for the country. When products are made, they can be sold locally or exported to other countries, bringing in money from trade. This money can then be used to improve infrastructure, education, and healthcare.
Overall, industries are a key driver of economic growth because they create jobs, increase income, promote trade, and improve technology.
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