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Steel and iron are known as the backbone of modern industry because:
1. Almost everything is made of steel or iron, or has been made with tools and machinery off these metal.
2. Ships, trains, trucks and autos are made largely of steel or iron. Even the safety pin are made from steel or iron.
3. Minerals are mined with steel or iron equipments.
4. Large buildings have steel or iron framework.
5. Oil wells are drilled with steel or iron machinery.
What else can I help you with?
Who is often called the father of modern economics?
Adam Smith is often referred to as the father of modern economics. His seminal work, "The Wealth of Nations," published in 1776, laid the foundation for classical economics and introduced key concepts such as the division of labor and the invisible hand. Smith's ideas on free markets and competition continue to influence economic thought today.
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. How would you describe this industry?
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. How would you describe this industry?
What term refers to the process used to produce a good or service such as using a robotic device to assemble cars?
Automation refers to any manufacturing process that uses computer controlled manufacturing. In industry, robotics is often referred to as automated manufacturing.
Why are DJIA points often referred to as dollars?
r u g@y? there not dumb a$$
A decrease in competition within an industry often results in what?
A decrease in competition within an industry often results in one company holding a significant amount of economic power. For example, Comcast lacks competition and can therefore charge a lot for their service.
Which range of hills is often referred tous the backbone of England?
The Pennines.
Who is often referred to as the "Indian Nightingale" in the music industry?
Lata Mangeshkar is often referred to as the "Indian Nightingale" in the music industry.
What references are made to hades in modern time?
Hades is often referred to as Hell by modern mistake.
Which biological molecule is called the backbone of biological molecules and is not used in diagrams?
The carbohydrate molecule is often referred to as the backbone of biological molecules as it is essential for storing and providing energy. However, carbohydrates are often not represented in diagrams of biological molecules for simplification purposes.
What is a large amount of individual products called in the industry?
A large amount of individual products is often referred to as inventory or stock in the industry.
What is the definition of modern theater?
"Modern theater" is often referred to as "modern drama." By definition, it is the development of drama from the beginning of the 20th century on.
What is the modern name of ancient Babylonia?
Iraq is the modern name for an area often referred to in the Bible
What is the biggest automotive industry?
The biggest industry within the automotive industry is the cars. And the three biggest companies within it are Ford, General Motors and Chrysler. There are often referred to as "The Big Three".
What is Andreas Vesalius often referred to as?
Andreas Vesalius is often referred to as the founder of modern human anatomy. His contributions to the field, especially through his groundbreaking work "De humani corporis fabrica," revolutionized the understanding of human anatomy and laid the foundation for modern anatomical study.
What is a Hanukkah Candelbrum called?
It's often referred to as a Menorah. In Israel its Modern Hebrew name is a Hannukiah.
Are open-end funds the same as mutual funds?
Often referred to as the mutual fund industry, the open-end fund industry comprises about 95 percent of the mutual fund market
Which award is referred to as Hindi film industry's equivalent to the Oscars?
Oscars are a great set of awards in the Hollywood. We in Bollywood also have set of awards. The Filmfare awards are those awards.The Filmfare Awards have been often referred to as Hindi film industry's equivalent to the Oscars.
