Describe the importance of manufacturing
Answers
Answer:
Manufacturing provides many jobs, at all levels. It is important as an employment generator. Among all sectors (service, agriculture, social, manufacturing), manufacturing distributes wealth most equitably among the work-force; hence is a key factor to pull people above the poverty line.
Explanation:
(i) Manufacturing industries help in modernising agriculture which forms the backbone of our economy.
(ii) It reduces the heavy dependence of people on agriculture sector and creates jobs in secondary and tertiary sectors.
(iii) It is necessary for the removal of unemployment and poverty.
(iv) It brings down regional disparities.
(v) Export of manufactured goods expands trade and commerce and enhances prosperity.
(vi) It brings much needed foreign exchange