Advantages and disadvantages of industries

Advantages and Disadvantages of Industries
Industries are necessary for the well being of the people of every country
because industry together with agriculture helps the country in achieving its
economic growth and development. However with everything else there are
two sides of coin. Given below are the advantages and disadvantages of
industries –
Advantages of Industries
1.

Industries help in generating the employment opportunities for the
people and in majority of the nations after agriculture it employs the
highest number of people and therefore it can be said to be livelihood of
many families.

2.

It is due to presence of many industries that we get to use array of
products like television, cloths, automobiles, furniture etc…, which
helps in making our life easier and improves the general standard of
living.

3.

A prospering industrial environment is good for the country because
government get income in the form of taxes from the industries, which
in turn is used by the government for the well being of the people.

4.

It makes the country independent because once country start
producing goods with the help of industrialization it does not have to

depend on other countries for its demand and it can save its money by
reducing the imports and it can even export its produce leading to
foreign exchange income which in turn makes the country more
prosperous.


Disadvantages of Industries
1.

The biggest disadvantage of industries is that it leads to increase in
pollution as many units emit poisonous gases which over the years
have turned out to be the major cause behind global warming.

2.

Industries leads to shift in the preference of people and they tend to
prefer working there because of more money and opportunities rather
than in agriculture sector and hence a gap is created because of this
which in the long term can lead to food shortages because of the lack
of interest in agriculture and allied activities.

3.

Since industries tend to attract many people it leads to problem
urbanization where many people from rural areas shift to urban areas
leading to urbanization problems like lack of housing, congestion, lack
of green space, health related problems and so on.

4.

It sometimes creates monopolies which ultimately lead to exploitation
of consumers of the country and the huge gap between the rich and
poor is also attributed to the industries.