Which one of the following is a developmental goal for industrialists?...
Developmental Goals for Industrialists:
A: To get more days of work
- This goal is focused on increasing the number of working days in a year.
- Industrialists may aim to maximize production by increasing the availability of labor.
B: To get better wages
- This goal involves improving the compensation and benefits provided to workers.
- Industrialists may strive to attract and retain skilled employees by offering competitive wages.
C: To get more electricity
- This goal pertains to ensuring a reliable and sufficient supply of electricity.
- Industrialists require a steady power source to operate machinery and maintain productivity.
D: All of the above
- This option suggests that all three goals (more days of work, better wages, and more electricity) are relevant and pursued by industrialists.
Conclusion:
The correct answer is option C. Industrialists aim for more electricity because it is essential for their operations, enabling them to increase production and efficiency. While achieving more days of work and better wages can indirectly contribute to industrial development, they are not specific developmental goals for industrialists themselves.
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Which one of the following is a developmental goal for industrialists?...
Developmental Goal for Industrialists: To get more electricity
Explanation:
Industrialists, or individuals who own or manage industrial enterprises, have various developmental goals that they aim to achieve in order to sustain and expand their businesses. One such goal is to obtain more electricity.
1. Importance of Electricity in Industries:
a) Power source: Electricity is a crucial source of power for industries. It is used to operate machinery, equipment, and other electrical systems necessary for production.
b) Productivity: Adequate and reliable electricity supply is essential for maintaining smooth operations and maximizing productivity in industries.
c) Efficiency: Having access to more electricity allows industrialists to optimize their processes and utilize advanced technologies, leading to increased efficiency and cost-effectiveness.
d) Expansion: Industries often require additional electricity to support expansion plans, such as establishing new production units or increasing the scale of existing operations.
2. Challenges in Accessing Electricity:
a) Insufficient supply: In many developing countries, there is a shortage of electricity supply, which hinders industrial growth and development.
b) Power cuts: Even in regions with electricity infrastructure, frequent power cuts or load shedding can disrupt industrial operations, leading to financial losses.
c) High costs: Industrialists may face high tariffs or charges for electricity consumption, making it financially burdensome to access the required amount of power.
3. Developmental Goal: To get more electricity:
Industrialists strive to obtain more electricity to overcome the challenges mentioned above and achieve their developmental goals. By securing a reliable and sufficient electricity supply, industrialists can:
a) Increase production: With more electricity, industrialists can enhance their production capacity, meet growing demand, and explore new markets.
b) Improve quality and competitiveness: Access to adequate electricity enables industrialists to invest in modern machinery and technologies, leading to improved product quality and increased competitiveness in the market.
c) Generate employment: Expansion of industries due to increased electricity availability creates new job opportunities, contributing to economic growth and development.
d) Contribute to the economy: Industries play a crucial role in the overall development of a country by generating revenue, contributing to the GDP, and attracting investments.
Conclusion:
Obtaining more electricity is a crucial developmental goal for industrialists as it enables them to overcome challenges, increase productivity, improve competitiveness, generate employment, and contribute to the overall economic growth of a nation.