Question

Differentiate between:

Basic Industries and Consumer Industries.

Answer 1

Basic Industries	Consumer Industries
(i) The finished products of these industries are used by other industries.	(i) The finished products of these are used as raw material which are directly consumed by consumers.
(ii)For example, iron and steel industry provides steel as raw material to machine tool making or agricultural implements making industry.	(ii) For example, the medicines made in pharmaceutical industries are directly consumed by consumers.
(iii) These industries supply their products to others. Hence, they are called linkage products.	(iii) These industries supply their products to consumers. Hence, they are called as consumer goods industries.