which of these does not encourage industrial development?
Answer Details
Limitation of markets for industrial products does not encourage industrial development. Industrial development requires a market for the goods produced, and the limitation of markets for industrial products would hinder the growth of industries. Tax exemption, provision of financial institutions, provision of infrastructural facilities, and government direct participation are measures that can encourage industrial development. Tax exemption reduces the cost of production, making the products more competitive. Provision of financial institutions provides easy access to capital for investment in industrial projects. Provision of infrastructural facilities such as electricity, good roads, and communication networks makes it easier to transport goods and raw materials. Government direct participation involves the government investing in industrial projects and providing incentives for private investors to establish industries.