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Example Question #1 : Transportation & Utility Infrastructure
What is the difference between a basic industry and a nonbasic industry?
Nonbasic industries become basic industries once they have been established for ten years.
Basic industries take finished parts and produce the final products, while nonbasic industries only work with raw materials.
Basic industries cater to consumers within the same area, while nonbasic industries export to consumers outside of the area.
Basic industries only work with raw materials, while nonbasic industries take finished parts and produce the final products.
Basic industries export to consumers outside of the area, while nonbasic industries cater to consumers within the same area.
Basic industries export to consumers outside of the area, while nonbasic industries cater to consumers within the same area.
Basic industries bring in money from the outside while, a nonbasic industry involves services within the community. An example of a basic industry would be a car factory, while an example of a nonbasic industry would be a local hospital.
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