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Industries
What is meant by the term ‘industry’?
Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or provision of services.
Which are the main factors which influence the location of an industry?
The location of industries is affected by the availability of raw material, land, water, labour, power, capital, transport and market.
Which industry is often referred to as the backbone of modern industry and why?
The iron and steel industry is referred to as the backbone of modern industry.
This is because it is a “feeder” industry whose products are used as raw materials for other industries.
Why cotton textile industry rapidly expanded in Mumbai?
Cotton textile industry expanded rapidly in Mumbai because of the presence of favourable conditions such as warm and moist climate, a port situated nearby to import machinery, availability of raw material and skilled labour.
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Mock Test Series
Mock Test Series