describe the role of manufacturing industries in the devlopment of economy
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hey mate here is ur answer ⤵⤵
Manufactured goods are crucial for the service industries. ... That is, the wages from manufacturing employees are re-spent in other parts of the economy, because manufacturing adds so much value to the economy. Economic growth depends on manufacturing...
I hope it helps u....
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Manufactured goods are crucial for the service industries. ... That is, the wages from manufacturing employees are re-spent in other parts of the economy, because manufacturing adds so much value to the economy. Economic growth depends on manufacturing...
I hope it helps u....
(｡•́︿•̀｡)
-_-
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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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