Economy, asked by HridhaanGoel, 1 day ago

Manufacturing sector is considered the backbone of development in general and economic development in particular. Elucidate the statement.​

Answers

Answered by EnchantedBoy
3

Dear brainly user! :)

Firstly, we have to know what is manufacturing sector:-

Manufacturing sector:-

Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing.

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  • Manufacturing sector is considered the backbone of development in general and economic development
  • It not only helps in modernising agriculture but also forms the backbone of our economy.
  • Industrial development is a precondition for an eradication of unemployment and poverty from our country.
  • Export of manufactured goods expands trade and commerce.
  • Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous.

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