Which of the following is correct statement?

The industry whose products are used to make other goods by using them as raw materials are basic industries. Consumer Goods Industries are also called non basic industries. Both 1 and 2 None of the above

Both 1 and 2

The industry whose products are used to make other goods by using them as raw materials are basic industries. The consumer goods industries produced goods which are consumed by consumers directly. For example, industries producing breads and biscuits, tea, soaps and toiletries, paper for writing, televisions, etc. are consumer goods or non-basic industries.