Industry and National Development

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Industry and National Development

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Understanding Industry:

Industry refers to the production of goods or related services within an economy. In simple terms, it’s like a big kitchen where instead of cooking food, people create things like clothes, cars, and electronics. Industries are important because they make the products we use every day and provide jobs for people.

Defining National Development:

National development is the overall improvement of a country in terms of economic growth, education, healthcare, and living standards. It’s like helping a country grow up healthy and strong. Industries play a key role in national development by boosting the economy, creating jobs, and making sure a country can provide for its people’s needs.

Industry's Role in National Development:

Industries are crucial for national development because they can turn raw materials into valuable products, which can be sold within the country or exported to bring in money. They also create jobs, which means people have money to spend on things they need. When industries grow, the country’s economy can grow too, leading to better roads, schools, and hospitals.

Quiz

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