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Mention fundamental elements of an industry.

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Industry is a secondary human activity. It is an indicator of gross development of a region or state or a country and high living standard of related population. 

The fundamental elements of an industry are:

1. The availability of natural resources. 

2. Abundant power supply. 

3. Availablility of skilled, cheap and abundant labour. 

4. Developed technology. 

5. Availability of cheaper means of transportation and communication.

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