What are basic industries? Give an example.
Answer:
Basic industries are industries that produce raw materials or essential products, which are further used by other industries to manufacture finished goods. These industries form the foundation of industrial and economic development.
Features:
- Suppliers to Other Industries – Basic industries provide essential materials for secondary and tertiary industries.
- Backbone of Industrial Growth – They support infrastructure, construction, and manufacturing sectors.
- Examples:
- Iron and Steel Industry – Supplies steel for construction, automobiles, and machinery.
- Cement Industry – Provides raw material for buildings and roads.
- Chemical Industry – Produces chemicals for pharmaceuticals, agriculture, and textiles.