Importance of Manufacturing


 
 
Concept Explanation
 

Importance of Manufacturing

MEANING OF MANUFACTURING: Production of goods in large quantities by processing raw materials to more valuable products is called Manufacturing.

Manufacturing industries fall in the secondary sector. People employed in the secondary activities manufacture the primary materials into finished goods. The workers employed in steel factories, car, breweries, textiles industries, etc fall into this category. The economic strength of a country is measured by the development of manufacturing industries.

IMPORTANCE OF MANUFACTURING: Manufacturing sector is very important and is considered as the backbone of development because:-

  • Manufacturing industries help in modernising agriculture, which forms the backbone of our economy.
  • Manufacturing also reduces the heavy dependence of people on agricultural income providing them jobs in secondary and tertiary sectors.
  • Industrial development helps in removal of unemployment and poverty. It also aims bringing down regional differences by establishing industries in tribal and backward areas.
  • Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
  • Countries that transform their raw materials into a wide variety of furnished goods of higher value are prosperous. India's prosperity lies in increasing and diversifying its manufacturing industries.
  • Sample Questions
    (More Questions for each concept available in Login)
    Question : 1

    Manufacturing activities are part of which of the following sector ?

    Right Option : B
    View Explanation
    Explanation
    Question : 2

    Production of goods in large quantities after processing from raw material to more valuable products is called ________ .

    Right Option : A
    View Explanation
    Explanation
    Question : 3

    Which of the following is an importance of manufacturing industries?

    Right Option : D
    View Explanation
    Explanation
     
     
     
    Related Videos
    Language - Hindi/English
    Language - Hindi/English

    Language - Hindi/English


    Students / Parents Reviews [10]