To become industrial, a nation must have raw materials, workers, and capital. True or false?

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25-09-2014
Business

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To become industrial, a nation must have raw materials, workers, and capital. True or false?

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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.