Why is the economic strength of a country measured by the development of manufacturing industries? Explain with examples.
Answers
Answer
The economic development of a country is measured by the development of manufacturing industries by the following ways:
⤷ Manufacturing industries help in modernizing agriculture which forms the backbone of our economy.
⤷ They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.
⤷ Industrial development is pre-condition for eradication of unemployment and poverty from our country.
⤷ Manufacturing goods expand trade and commerce.
⤷ Export brings in much needed foreign exchange.
⤷ Manufacturing is the process of value addition.
⤷ It also brings down regional disparities by establishing industries in tribal and backward areas.
⤷ It increases the GDP / National Income of the country.
Answer:
secondary sector is also called production sector.
by selling goods we can earn foreign exchange as well as development
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