Prompt Answer the following questions:
1. Explain the difference between basic and nonbasic industries, and identify their economic sectors (primary.
secondary, etc.).
2. Which would be a better industry to assure economic growth in a settlement, basic or nonbasic? Explain your
decision with use of vocabulary words and examples.

To Part A

Explanation:

Basic and non-basic are the two broad industry categories. Basic industries (primary) consist of small and large businesses that sell primarily to external customers. Non-basic industries (secondary) consist of primarily small businesses that sell to local customers, including basic and non-basic businesses.

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