Economy, asked by dcafe6127, 1 year ago

How is the economic strength of a country measured by the development of manufacturing industries

Answers

Answered by Swarajd
3

Explanation:

economic strength of a country can only be measured through GDP...GDP stands for gross domestic product.The Gross Domestic Product measures the value of economic activity within a country GDP means the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time. Thus manufacturing industries play a major role in in the process of production of goods and services. lastly when and manufacturing industries boost one can easily observe rise in production processes. thus development of manufacturing industries results and helps in formulation of GDP. and GDP can easily show so how much economic strength does a country has

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