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industry makes things that can be used within the country and sold to other countries for goods that are not locally or locally economically available. if a country does not have an industry then it will not generate the interest necessary to take advantage of the advances made in other countries which in turn leads to ignorance poverty and religious fundamentalism.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoCreat jobs
GDP increase
standard living increase
increase competion
more tax to govt.
Wiki User
∙ 12y agoA country sell its products to buy another products that it doesn't produce.
Moreover, a country grants employments for its people. Industries are the main basis of the world economy.
Wiki User
∙ 11y agoBecause industry is the only place where there are a large no. of sellers selling a large quantity at a fixed price so the industry earning max. profits and cotributing to economic growth.
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What is Britain's most important industry?
Britain's most important industry is the pharmaceutical industry. This industry plays a major role in the economy of the country.
Why industry is important to a country's economy?
It is the back bone of country
What is the significance of foreign exchange rate?
Foreign Exchange student programs are important to a country because it gives students opportunities that might not exist in their home country. Foreign Exchange of currency is important for the tourist industry and the trade industry.
How is handicraft industry contribute to the economics growth of the country?
what is the handicraft industry contriduteto the aconomics of country
What is the economic importance of poultry industry?
Chickens are an important source of nutrition, making it a popular food item in many countries. Thus, chickens can be an important industry within that country.
Why it is important for a country to develop as much as industry?
it is important for a country develop as much industry
Why is it important for a country to develop as much as industry as possible?
it is important for a country develop as much industry
Why is important for a country to develop as much industry as possible?
it is important for a country develop as much industry
What is Britain's most important industry?
Britain's most important industry is the pharmaceutical industry. This industry plays a major role in the economy of the country.
Why is it important for a country to develop as much as possible?
it is important for a country develop as much industry
Why industry is important to a country's economy?
It is the back bone of country
Why is it important for country to develop as much as industry as possible?
it is important for a country develop as much industry
Why is it important for a country to develop as much industries as possible?
it is important for a country develop as much industry
What was the important industries?
Agriculture is the most important industry, its the base of every industry and society. The goverment of every country understands this and give subsidies to encorage it.
What is the future for indias hospitality industry?
Hospitality industry is one of the most important industry in the growth of the country's economy as it fulfil the needs of the people from the rural parts to the most rich classes of the country.
Is Wheat is an important product of the country led by Fidel Castro?
Mining is an important industry in Peru and Chile.
What country became very important in the SIC 3822 automatic controls for regulating residential and commercial environments and appliances industry?
China was especially important to this industry in the 1990s
