Explain the terms of manufacturing and industry With example
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Explanation:
Manufacturing industries are those that engage in the transformation of goods, materials or substances into new products. The transformational process can be physical, chemical or mechanical. Manufacturers often have plants, mills or factories that produce goods for public consumption.
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The processing of raw materials into finished products is called manufacturing. For example:- cotton into cloth, sugar- cane into sugar.
Any economic activity which is associated with the production of goods is called an industry. For example:- textiles (manufacturing), mining (extraction of minerals) and tourism (service provider).
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