Question

The Economic Strength of a country is measured by the development of manufacturing industries analyse the statement in a five points

Answer 1

Manufacturing sector is considered to be the backbone of economic development: a. Manufacturing industries helps in modernizing agriculture. b. They create job ...

Answer 2

Answer:

The economic strength of a country lies in thedevelopment of manufacturing industries because

(a) Manufacturing industries help in modernisingagriculture which forms the backbone of oureconomy.

(b) It reduces the heavy dependence of people onagriculture sector and creates jobs in secondary andtertiary sectors.

(c) It is necessary for the removal of unemploymentand poverty.

(d) It brings down regional disparities.

(e) Export of manufactured goods expands trade andcommerce and enhances prosperity.

(f) It brings much needed foreign exchange.