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Construction of industry to national economy? and industry - market linkage?
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Construction of industry to national economy? and industry - market li...
Contribution of industries to a national economy by,
a)Industries provide for the production and goods and provision of services. It has brought about substantial increase in GDP of any country.
b)Industries generates employment for vast majority which help in improving living standard and poverty eradication.
c)Industrial sector adds to country's growth and provide wide variety Β of choices for consumers.
d)It ensure export of manufactured goods thereby adding to the country's foreign exchange.
e) It improves country's infrastructure and contribute to the overall development.
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Construction of industry to national economy? and industry - market li...
πŸ’Žπ‘‡β„Žπ‘’ π‘π‘œπ‘›π‘ π‘‘π‘Ÿπ‘’π‘π‘‘π‘–π‘œπ‘› π‘–π‘›π‘‘π‘’π‘ π‘‘π‘Ÿπ‘¦ 𝑖𝑠 π‘–π‘šπ‘π‘œπ‘Ÿπ‘‘π‘Žπ‘›π‘‘ π‘π‘Žπ‘Ÿπ‘‘π‘™π‘¦ π‘π‘’π‘π‘Žπ‘’π‘ π‘’ 𝑖𝑑𝑠 π‘œπ‘’π‘‘π‘π‘’π‘‘ 𝑖𝑠 π‘™π‘Žπ‘Ÿπ‘”π‘’ π‘Žπ‘›π‘‘ π‘‘β„Žπ‘’π‘Ÿπ‘’π‘“π‘œπ‘Ÿπ‘’ π‘‘β„Žπ‘Žπ‘‘ 𝑖𝑑 𝑖𝑠 π‘Ž π‘ π‘–π‘”π‘›π‘–π‘“π‘–π‘π‘Žπ‘›π‘‘ π‘π‘Žπ‘Ÿπ‘‘ π‘œπ‘“ π‘‘β„Žπ‘’ π‘’π‘π‘œπ‘›π‘œπ‘šπ‘¦. π‘‡β„Žπ‘’ π‘”π‘Ÿπ‘œπ‘ π‘  π‘œπ‘’π‘‘π‘π‘’π‘‘ π‘œπ‘“ π‘‘β„Žπ‘’ π‘π‘œπ‘›π‘ π‘‘π‘Ÿπ‘’π‘π‘‘π‘–π‘œπ‘› π‘–π‘›π‘‘π‘’π‘ π‘‘π‘Ÿπ‘¦ 𝑖𝑠 π‘‘β„Žπ‘’ π‘£π‘Žπ‘™π‘’π‘’ π‘œπ‘“ π‘Žπ‘™π‘™ π‘‘β„Žπ‘’ 𝑏𝑒𝑖𝑙𝑑𝑖𝑛𝑔𝑠 π‘Žπ‘›π‘‘ π‘€π‘œπ‘Ÿπ‘˜π‘  π‘π‘Ÿπ‘œπ‘‘π‘’π‘π‘’π‘‘ 𝑏𝑦 π‘‘β„Žπ‘’ π‘–π‘›π‘‘π‘’π‘ π‘‘π‘Ÿπ‘¦ 𝑖𝑛 π‘Ž 𝑔𝑖𝑣𝑒𝑛 π‘π‘’π‘Ÿπ‘–π‘œπ‘‘ π‘œπ‘“ π‘‘π‘–π‘šπ‘’, π‘›π‘œπ‘Ÿπ‘šπ‘Žπ‘™π‘™π‘¦ π‘Ž π‘¦π‘’π‘Žπ‘Ÿ. 𝐼𝑛 π‘‘β„Žπ‘’ π‘€π‘œπ‘Ÿπ‘™π‘‘ π‘Žπ‘  π‘Ž π‘€β„Žπ‘œπ‘™π‘’ 𝑖𝑑 𝑖𝑠 π‘π‘Ÿπ‘œπ‘π‘Žπ‘π‘™π‘¦ π‘Žπ‘π‘œπ‘’π‘‘ 10 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑 π‘œπ‘“ πΊπ‘Ÿπ‘œπ‘ π‘  π‘π‘Žπ‘‘π‘–π‘œπ‘›π‘Žπ‘™ π‘ƒπ‘Ÿπ‘œπ‘‘π‘’π‘π‘‘ (𝐺𝑁𝑃), π‘‘β„Žπ‘Žπ‘‘ 𝑖𝑠 10 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑 π‘œπ‘“ π‘Žπ‘™π‘™ π‘‘β„Žπ‘’ π‘”π‘œπ‘œπ‘‘π‘  π‘Žπ‘›π‘‘ π‘ π‘’π‘Ÿπ‘£π‘–π‘π‘’π‘  π‘π‘Ÿπ‘œπ‘‘π‘’π‘π‘’π‘‘, π‘œπ‘Ÿ π‘œπ‘“ π‘‘β„Žπ‘’ π‘œπ‘Ÿπ‘‘π‘’π‘Ÿ π‘œπ‘“ π‘ˆπ‘†$3,000 π‘π‘–π‘™π‘™π‘–π‘œπ‘› 𝑖𝑛 1997. π‘‡β„Žπ‘’π‘Ÿπ‘’ 𝑖𝑠 π‘Ž π‘π‘œπ‘›π‘ π‘–π‘‘π‘’π‘Ÿπ‘Žπ‘π‘™π‘’ π‘‘π‘–π‘“π‘“π‘’π‘Ÿπ‘’π‘›π‘π‘’ 𝑏𝑒𝑑𝑀𝑒𝑒𝑛 π‘£π‘Žπ‘Ÿπ‘–π‘œπ‘’π‘  𝑑𝑦𝑝𝑒𝑠 π‘œπ‘“ π‘’π‘π‘œπ‘›π‘œπ‘šπ‘¦ π‘Žπ‘›π‘‘ π‘”π‘’π‘œπ‘”π‘Ÿπ‘Žπ‘β„Žπ‘–π‘π‘Žπ‘™ π‘™π‘œπ‘π‘Žπ‘‘π‘–π‘œπ‘›π‘ . π·π‘Žπ‘£π‘–π‘  πΏπ‘Žπ‘›π‘”π‘‘π‘œπ‘› πΆπ‘œπ‘›π‘ π‘’π‘™π‘‘π‘Žπ‘›π‘π‘¦ (𝐷𝐿𝐢, 1997) π‘’π‘ π‘‘π‘–π‘šπ‘Žπ‘‘π‘’π‘‘ π‘‘β„Žπ‘Žπ‘‘ 𝑖𝑛 1990 π‘‘β„Žπ‘’ π‘π‘’π‘Ÿπ‘π‘’π‘›π‘‘π‘Žπ‘”π‘’ π‘ β„Žπ‘Žπ‘Ÿπ‘’π‘  π‘€π‘’π‘Ÿπ‘’: π‘Šπ‘’π‘ π‘‘π‘’π‘Ÿπ‘› πΈπ‘’π‘Ÿπ‘œπ‘π‘’ 30 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑; π΄π‘ π‘–π‘Ž 28 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑; π‘π‘œπ‘Ÿπ‘‘β„Ž π΄π‘šπ‘’π‘Ÿπ‘–π‘π‘Ž 25 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑; πΈπ‘Žπ‘ π‘‘π‘’π‘Ÿπ‘› πΈπ‘’π‘Ÿπ‘œπ‘π‘’ 7 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑; π‘†π‘œπ‘’π‘‘β„Ž π΄π‘šπ‘’π‘Ÿπ‘–π‘π‘Ž 5 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑 π‘Žπ‘›π‘‘ π΄π‘“π‘Ÿπ‘–π‘π‘Ž, 𝑀𝑖𝑑𝑑𝑙𝑒 πΈπ‘Žπ‘ π‘‘ π‘Žπ‘›π‘‘ π‘‚π‘π‘’π‘Žπ‘›π‘–π‘Ž 𝑗𝑒𝑠𝑑 π‘’π‘›π‘‘π‘’π‘Ÿ 2 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑 π‘’π‘Žπ‘β„Ž. π‘‡β„Žπ‘’π‘ π‘’ π‘’π‘ π‘‘π‘–π‘šπ‘Žπ‘‘π‘’π‘  π‘Žπ‘Ÿπ‘’ π‘ π‘–π‘šπ‘–π‘™π‘Žπ‘Ÿ 𝑖𝑛 π‘”π‘’π‘›π‘’π‘Ÿπ‘Žπ‘™ π‘π‘œπ‘›π‘π‘™π‘’π‘ π‘–π‘œπ‘›π‘  π‘‘π‘œ π‘‘β„Žπ‘œπ‘ π‘’ 𝑏𝑦 π·π‘Ÿπ‘’π‘€π‘’π‘Ÿ (1999) π‘€β„Žπ‘œ π‘’π‘ π‘‘π‘–π‘šπ‘Žπ‘‘π‘’π‘‘ π‘‘β„Žπ‘Žπ‘‘ π‘‘π‘’π‘£π‘’π‘™π‘œπ‘π‘’π‘‘ π‘šπ‘Žπ‘Ÿπ‘˜π‘’π‘‘ π‘’π‘π‘œπ‘›π‘œπ‘šπ‘–π‘’π‘  π‘Žπ‘π‘π‘œπ‘’π‘›π‘‘π‘’π‘‘ π‘“π‘œπ‘Ÿ 78 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑 π‘œπ‘“ π‘”π‘™π‘œπ‘π‘Žπ‘™ π‘π‘œπ‘›π‘ π‘‘π‘Ÿπ‘’π‘π‘‘π‘–π‘œπ‘› π‘œπ‘’π‘‘π‘π‘’π‘‘ 𝑖𝑛 1990. 𝐼𝑛 πΈπ‘’π‘Ÿπ‘œπ‘π‘’, π‘”π‘Ÿπ‘œπ‘ π‘  π‘π‘œπ‘›π‘ π‘‘π‘Ÿπ‘’π‘π‘‘π‘–π‘œπ‘› π‘œπ‘’π‘‘π‘π‘’π‘‘ π‘€π‘Žπ‘  π‘Žπ‘Ÿπ‘œπ‘’π‘›π‘‘ 10 π‘π‘’π‘Ÿ 𝑐𝑒𝑛𝑑 π‘œπ‘“ 𝐺𝐷𝑃 𝑖𝑛 1997, π‘šπ‘Žπ‘Ÿπ‘”π‘–π‘›π‘Žπ‘™π‘™π‘¦ 𝑙𝑒𝑠𝑠 π‘“π‘œπ‘Ÿ π‘‘β„Žπ‘’ πΈπ‘ˆ π‘Žπ‘›π‘‘ π‘ π‘™π‘–π‘”β„Žπ‘‘π‘™π‘¦ π‘šπ‘œπ‘Ÿπ‘’ π‘“π‘œπ‘Ÿ π‘π‘œπ‘’π‘›π‘‘π‘Ÿπ‘–π‘’π‘  π‘œπ‘“ π‘‘β„Žπ‘’ π‘“π‘œπ‘Ÿπ‘šπ‘’π‘Ÿ π‘†π‘œπ‘£π‘–π‘’π‘‘ π‘ˆπ‘›π‘–π‘œπ‘› (𝐷𝐿&𝐸, 2000).
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Construction of industry to national economy? and industry - market linkage?
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