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Question
Differentiate between basic and consumer industries.
Solution
Basic Industries | Consumer Industries | |
1. | Basic or key industries are those which supply their products as raw materials to manufacture other goods | Consumer industries are those that produce goods for direct use by consumers. |
2. | E.g., Iron and Steel and Copper Smelting, Alurrunium Smelting | E.g., sugar, toothpaste, paper, sewing machines, fans, etc. |
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