Question

how is the economic strengthof a country measure?

Answer 1

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The economic strength of a country is measured by the development of manufacturing industries. Explain.

Asked by chittukala722nd January 2016, 6:52 PM

 Answered by Expert

Answer:

Hi Kala,

Manufacturing industries assist in modernising agriculture and it reduce the heavy dependence on agricultural productivity. It generates more employment opportunities and removes unemployment and poverty level in our nation. It provides balanced regional growth in all areas of an economy. Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange. Countries that transform their raw materials into a wide variety of furnished goods of higher value are prosperous. Industry sector contributes 27 % of GDP out of it manufacturing accounts for 17 %.

Answer 2

economic gives wealth to the country and help in development and strength the country measure.