Which of the following is a feature of heavy industries?
Answer Details
A feature of heavy industries is that they are capital-intensive. This means that they require a significant amount of investment in machinery, equipment, and infrastructure to operate efficiently. Unlike light industries, which typically involve smaller-scale operations, heavy industries involve large factories or plants that are designed to produce goods on a larger scale.
The term "heavy" in heavy industries refers to the nature of the products being manufactured, such as machinery, steel, chemicals, and automobiles. These products often require heavy machinery and specialized equipment to produce. Due to their large-scale operations and the need for substantial capital investment, heavy industries usually have a longer payback period for their investments.
Some examples of heavy industries include manufacturing plants for automobiles, oil refineries, steel mills, and chemical production facilities. These industries usually have a higher production capacity and require a significant amount of resources and manpower to operate.
In summary, heavy industries are characterized by their capital-intensive nature, large-scale operations, and production of goods that require heavy machinery. These industries play a crucial role in the economy by producing essential products and contributing to employment opportunities.