Why is the economic strength of a country
measured by the development of manufacturing industries?Explain with explain.
Answers
Answer:
Explanation:
Manufacturing industries refer to production of goods in large quantities after processing them from raw materials . These industries produce useful products and increase the value of the raw materials. without industries the development of a country cannot take place . following points show the importance of industries.
(i) Manufacturing industries help in modernising agriculture . for example industries providing fertilisers , machinery have given a major boost to agriculture by raising its productivity .
(ii) Industrial development is required for eradication of unemployment and poverty. An example of unemployment and poverty. An example is the establishment of industries in tribal and backward areas, which bring down regional disparities.
(iii) Countries that transform their raw materials into a wide variety of finished goods of higher value and prosperous. for example , USA.