Question

What is the difference between Iron and Steel Industry and Cotton Textile Industry ?

Answer 1

The differences between iron & steel industry and cotton textile industry are as follows:

1. Iron & steel industries are mineral based industries whereas cotton textile industries are agro- based industries.
2.Iron & steel industry is a capital intensive industry whereas cotton textile industry is a labour intensive industry.
3.Iron & steel industry is a intermediate goods industry and cotton textile industry is a consumer goods industry.