Which industry is often referred to as the backbone of modern industry and why?
The iron and steel industry is referred to as the backbone of modern industry.
This is because it is a “feeder” industry whose products are used as raw materials for other industries.
Which are the main factors which influence the location of an industry?
The location of industries is affected by the availability of raw material, land, water, labour, power, capital, transport and market.
What are the similarities between information technology industry in Bangalore and California?
What is meant by the term ‘industry’?
Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or provision of services.