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Nataliya [291]
2 years ago
10

Amal has employed a few people to weave bamboo baskets at his home in Guwahati, which he then sells in the market for profit. Wh

at kind of industry has he set up?
Social Studies
1 answer:
Jlenok [28]2 years ago
8 0

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The kind of industry Amal has set up is the manufacturing industry.

Amal has employed a few people to weave bamboo baskets at his home in Guwahati, which he then sells in the market for profit.

The manufacturing industry is the one that takes raw materials and natural resources to produce a final product that can be sold in different markets.

Amal has five people weaving bamboo baskets to be sold. He has to invest in buying the raw materials, the tools needed to wave the bamboo, and has fixed costs to produce the baskets and pay the salaries of the people who are working with him. Amal could already have the mentality of an entrepreneur, and if he thinks big, then the next step is to invest some money to have a small factory and mass produce its goods.

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The basic economic infrastructure of human connectivity falls into this category: the means of physical travel, such as roads, bridges and ports of all kinds, and increasingly the means of virtual travel, such as broadband.

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A government that believes in the talent and potential of its citizens and devote a large portion of its tax revenues to investing in its citizens to help them reach that potential is an attractive vision. It avoids the slowness and bureaucracy of direct government provision of services, although efficient government units can certainly compete. It recognizes that citizens are quicker and more creative at responding to change and coming up with new solutions.  

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