Question

What are the directly associated components of industry?

Hint:

Directly associated components are the essential inputs and infrastructure needed for industrial production.

Answer 1

Directly Associated Components of an Industry

These are essential elements that directly affect the functioning and productivity of the industrial activity. These include:

• Raw Materials: The basic materials or substances used in production.
• Power: Energy sources required for running machinery and operations.
• Labour: Skilled and unskilled human workforce involved in production.
• Capital: Financial resources invested in the industry for equipment, facilities, and operations.
• Transport and Communication: Facilities for movement of raw materials, finished goods, and communication between different parts of the industry.