Define manufacturing industry

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Define manufacturing industry

Posted by Anushka Verma 5 years, 2 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 2 months ago

Manufacturing: Production of goods in large quantities after processing the raw materials into more valuable products is called manufacturing.

Manufacturing industries help in modernizing agriculture; which forms the backbone of our economy. Apart from this, manufacturing industries also reduce the heavy dependence of people on agricultural income. This becomes possible because of creation of new jobs in secondary and tertiary sectors.
Industrial development helps in eradication of unemployment and poverty.
Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
A country with high level of manufacturing activities becomes prosperous.

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