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Why Iron and Steel are considered as index of a country\'s development? ? ? (3 mark) |
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Answer» Production and consumption of steel is regarded as the index of a country’s development because of the following reasons:\xa0\tThe production and consumption of iron and steel reflects the level of industrialisation and economic development of a country.\xa0\tAll the other industries depend on it for their machinery. It provides raw material for making industrial machinery, electrical machinery, defence equipments, bridges, dams, shops, houses, etc.\xa0\tVehicles carrying goods from one place to another are also made up of steel. It is because of these vehicles that our goods are transported from one place to another.\xa0\tSteel is required to manufacture a variety of consumer goods, like bicycles, fans, furniture, tractors, etc.\xa0\tIt is the basic unit of economy. All buildings and infrastructures are constructed using iron and steel.\xa0 Production and consumption of steel are often regarded as the index of a country\'s development as:\tThe products of these enterprises are used as the raw material in different industries.\tFor this reason it is called the feeder industry.\tSteel products are required for exports.\tSteel is used to create various machinery for ensuring country’s growth. |
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