9 BENEFITS OF INDUSTRIAL DEVELOPMENT
The following are the benefits of industrial development: Created employment opportunities to workers hence improving their standards of living e.g. engineers. Provided cheap manufactured goods which are essential to the people e.g. furniture, cement and plastics. Industries are a source of government revenue through taxation used for the development of infrastructures e.g. roads. Industrial goods are exported to earn government foreign exchange used for national development, e.g. setting up hospitals. Facilitates the development of infrastructures like roads, schools, and hospitals which provide social services to the people, e.g. education and health. Industries lead to economic diversification for an increased income inflow for the government and reduce dependence on agriculture. Industries lead to the exploitation of natural resources like agriculture and minerals, which leads to self-sufficiency. Industries promote the international relationships between East Africa and its ...