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specific roles of industry

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What is the role of industrial sector in development?

specific roles of industry


Give the importance of small and medium scale industries?

Small and Medium-scale industries (SMIs) can play an important role in the process of a country's industrial and economic development. In particular, SMIs can make significant contribution to achieve social and economic objectives such as labour absorption, income distribution, rural development, poverty eradication and balanced economic growth. The agricultural industrial sector plans stresses the need for a self reliant approach to development.


Role of entrepreneurship development in economic of Bangladesh?

Role of entrepreneurship development in economic of Bangladesh?


The role of world bank in the economic development of Pakistan?

role of world bank in economic development of pakistan


The role of capital markets in the economic development of Pakistan?

role of capital and money markets in the economic development of Pakistan


The role of the private sector financing in tourism development?

poita!


What is industrial entrepreneurship?

Industrial entrepreneurship involves the establishment and management of businesses within the industrial sector, focusing on the production of goods and services. It emphasizes innovation, efficiency, and the application of technology to improve processes and products. Industrial entrepreneurs often seek to address market needs, create jobs, and drive economic growth by leveraging resources and expertise in manufacturing and production industries. This type of entrepreneurship can play a key role in advancing industrial development and competitiveness.


How did the industrial revolution affect economic thought?

The Industrial Revolution led to the emergence of new economic theories such as classical economics, which emphasized market forces, labor specialization, and the importance of industrial production. It also sparked debates on capitalism, socialism, and the role of government in regulating the economy. Overall, the Industrial Revolution significantly influenced the development of modern economic thought.


What is the secondary sector of Argentina?

The secondary sector of Argentina encompasses industries involved in manufacturing, construction, and processing of raw materials. This sector plays a significant role in the country's economy, contributing to GDP and employment. Key industries include food processing, automotive manufacturing, textiles, and construction, which utilize Argentina's agricultural and mineral resources. Despite facing challenges like economic fluctuations and global competition, the secondary sector remains vital for national development and industrial growth.


Does the coal industry belong to the secondary economic sector?

Coal belongs in the secondary economic sector because it provides energy for the primary sector. It plays a huge role in producing electricity for other businesses and homes.


What are the Role of commercial banks in economy development of Afghanistan?

what is banking role in afghanistan economic development


What role can the private sector play in poverty alleviation?

Prime Minister Jhala Nath Khanal has hailed the private sector's help and social responsibility for strengthening the economy along with the mobilization of investors and initiative for increasing the network of professionals in the country. Inaugurating the 45th annual general meeting of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in the capital on Monday, Khanal said utilization of the locally available resources has contributed in economic and social development of the country through the entrepreneurship and institutional services catered by the private sector. The PM said that the government is confidence that investment flow, employment generation and revenue collection will increase if the private sector was promoted and assured confidence, adding that the government was committed to promote, conserve and facilitate the private sector. Saying no country can go ahead sans industrial development, the PM said political wrangling in the country has also hindered the economic development of the country. "The country should move toward the direction of economic revolution and industrial peace should be maintained to achieve the economic revolution", said the PM. Frequent series of strikes in the industrial estates have hindered the process of establishing industrial peace, said PM Khanal. He said rule of law and assurance of security; transparency and guaranteeing liberalism are the top priorities of the government for the investment friendly environment in the country.