Also know, what are basic industries give an example?
Basic industries are which supply their products or raw materials to manufacture other goods. Examples: Iron and steel, copper smelting and aluminium smelting industries.
Also Know, what are basic and key industries? Basic or key industries are those which supply their products or raw materials to manufacture other goods e.g. iron and steel, copper smelting and aluminum smelting.
Also to know is, what do you understand by basic industry explain with example?
Basic industries are the industries that supply their products as raw material to other industries to produce the goods. They are also called as key industries. An example of basic industries is the iron and steel industries. It provides steel as raw materials to the automobile industries.
What are the three basic industry categories?
At the top level, industry is often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services).