What is the manufacturing sector ? …

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What is the manufacturing sector ? Whyis it considered the backbone of develOpment ? Interpet the resons

Posted by Mansi Gupta 6 years, 9 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 9 months ago

<div>Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.
It is considered as backbone of development because:
(i) It not only helps in modernising agriculture but also forms the backbone of our economy.
(ii) Industrial development is a precondition for eradication of unemployment and poverty from our country.
(iii) Export of manufactured goods expands trade and commerce.
(iv) Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous.</div>

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CBSE > Class 10 > Social Science