Industries lead to balanced economic development. Explain.

1.	Industries lead to balanced economic development. Explain.
Answer» Balanced economic development: Industries pay a very important role to attain speedy and balanced economic growth. Government establishes several public sector enterprises in less developed or backward areas to increase employment opportunities and to raise life standard of living of that area. When the basic needs of people are satisfied, they move towards savings and buying luxurious products. This gives rise to industries involved in such services and products. Thus, along with the industries for primary commodities the demand of industries related to luxury and entertainment increases.

Answer»

Balanced economic development:

Industries pay a very important role to attain speedy and balanced economic growth.
Government establishes several public sector enterprises in less developed or backward areas to increase employment opportunities and to raise life standard of living of that area.
When the basic needs of people are satisfied, they move towards savings and buying luxurious products. This gives rise to industries involved in such services and products.
Thus, along with the industries for primary commodities the demand of industries related to luxury and entertainment increases.

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