Importance of Industries :- Industrial development has played very important role in the improving the economic condition of the various countries like America and Japan. Increase in Employment :- When the development of industrial sector the employment opportunities can increase and rate of unemployment can reduce. 2.

What is the importance of industries Class 10?

(i) Manufacturing industries helps in modernising agriculture. (ii) It reduce the heavy dependence of people on agriculture income by providing them jobs. (iii) Helps in eradication of unemployment & poverty. (iv) Helps in bringing down regional disparities.

What are the major industries in the United States?

Employment growth in industries such as construction, finance, insurance and real estate, and services industries played a significant role in reducing manufacturing ’s overall share of U.S. employment.

What are the largest industries in the UK?

The subsector produced about 1.45 million vehicles for passengers and about 203,000 commercial vehicles. The country is one of the leading manufacturers of engines, and in 2008 the country produced about 3.6 million engines. The UK ranks as the world’s 6th largest tourist destination, and in 2018 the country received more than 40 million visitors.

Which is the most important industry in Europe?

Steel production and diversified chemical manufacturing constitute the other basic industries of the region, which is served by an extensive inland-waterway system and one of Europe’s densest railway networks.

How many people work in the manufacturing industry?

The manufacturing industry in 1979 employed 7.1 million people, and by 1992 the industry was employing 24.5 million people, while in 2016 the industry employed only 2.7 million people and accounted for just 10% of the country’s economy. As of 2008, the country ranked as the world’s sixth largest manufacturer based on the output value.