Question

Discuss the role of manufacturing sector in economy​

Answer 1

Explanation:

Manufacturing is an important activity in promoting economic growth and development. Nations that export manufactured products tend to generate higher marginal GDP growth, which supports higher incomes and therefore marginal tax revenue needed to fund such government expenditures as health care and infrastructure

Answer 2

The manufacturing sector provides maximum employment in an economy.​  

Explanation:  

• The manufacturing sector plays a very important role in the economy.
• While other sectors such as the service sector require people to be educated and eligible for getting the increment, the manufacturing sector provides employment to a lot of people who are not educated.
• Moreover, the manufacturing sector provides employment to people in backward places as most of the industries are set up in undeveloped places to facilitate development.
• The manufacturing sector provides support to other sectors as well such as the transportation facilities, the equipment sector, etc.
• The manufacturing sector also supports other sectors by providing them with manufactured goods that can be used right away.