Question

wyy manufacturing sector considered backbone of economic development of the county? explain ant three reasons with examples.

Answer 1

The manufacturing sector is considered to be the backbone of economic development of a country because -

1. The manufacturing industries help to modernize agriculture which is the backbone of our economy.  They provide jobs in the secondary and tertiary sectors. This helps to reduce the dependence of people on agricultural income.

2. Industrial development helps to eradicate unemployment and poverty.For example the countries which are able to turn their raw materials into manufactured goods of higher value are more prosperous.

3. The country receives foreign exchange due to the export of manufactured goods and expansion of trade and commerce.

Answer 2

Definition of Manufacturing Sector :  

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

It is considered as backbone of development  because:

(i) It not only helps in modernising agriculture but  also forms the backbone of our economy.

(ii) Industrial development is a precondition for  eradication of unemployment and poverty from  our country.

(iii) Export of manufactured goods expands trade  and commerce.

(iv) Countries that transform their raw materials into  a wide variety of finished goods of higher value  are prosperous.