To become industrial, a nation must have raw materials, workers, and capital.
True or false?
Answer (2)
To become industrial, a nation must have raw materials, workers and capital is absolutely true. Without any of the things mentioned, it is impossible to become an industrial nation. The raw materials are required to produce the finished product. The workers are the ones that work in industries to produce the finished proudest from the raw materials. It can be physical as well as mental labor. Capital is required to buy raw materials and labor for getting the finished product and make profit.
The statement that a nation must have raw materials, workers, and capital to become industrial is true. These three elements are essential as raw materials provide the basis for production, workers are needed to transform those materials, and capital funds the industrial processes. Successful industrialization relies on the integration of these components.
;
