Reference Notes on Industry – Economics Class 11

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IndustryHSEB Notes | Commerce
Industry – Economics Class 11
For: Management

Industry refers to the application of less labour and more capital in the extraction and manufacturing of material goods. The industry is regarded as the secondary sector of an economy. The contribution of industry sector to Gross Domestic Products (GDP) is only around 17 %. This shows that the size of the industrial sector is still very small in Nepal. For rapid economic development of Nepal, the industrial sectors should be promoted.

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