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Question
Why do we need industries?
Answer in Brief
Solution
Industries are required because of the following reasons:
- Industries are needed to make a country strong financially: The more number of industries in a country the stronger the country becomes. Countries such as the USA and China are strong because of the hundreds and thousands of industries they have. India too has many industries but not as many as the USA or China. Some countries like Nepal have very few industries.
- Industries are needed for products of daily use: We will see items that we use every day such as toothpaste, soap, bicycle, exercise books, pencils, medicines, cheese, and jams, and so on. All these items are manufactured by different industries.
- Industries are needed so there is no shortage of necessary goods:
Apart from fulfilling our daily needs, industries must produce
sufficiently so that all the things people need are available to them at reasonable prices.
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Need for Industries in the World.
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