Why is manufacturing sector considered the backbone of development

Asked by admin @ 23/08/2021 in Geography viewed by 265 People

why is manufacturing sector considered the backbone of economic development. Discuss the role of industries in the development of Prairies and Velds region

Answered by admin @ 23/08/2021

Answer:

The manufacturing sector is considered as the backbone of the economic development of the country because of the following reasons:

(i) Manufacturing sector helps in modernising agriculture which increases agricultural productivity.

(ii) Since a huge portion of India's population is dependent upon agricultural income, the manufacturing sector diminishes the heavy dependence of people on agriculture and provides jobs to a large number of people in the industrial as well as the service sectors.

(iii) It reduces poverty as well as unemployment from the country. The development of the manufacturing sector also aims to minimise regional disparities by setting up industries in tribal and backward regions of the country.

(iv) The export of manufactured goods expands trade and commerce.

(v) The export of a wide variety of manufactured goods to other countries also brings in foreign exchange which leads to economic development of the country.

In selecting a target market for a banks checking accounts, the banks marketers should consider the banks strengths, who would get the most value from those strengths, and ____. a- the cost of reaching different segments b- the roles in the banks buying center c- whether to enter new markets or develop new products d- the lifestyle me of the banks employees

Asked by maham237 @ 14/01/2021 in Business viewed by 336 persons

Take any three non-collinear points a b c and draw triangle a,b,c. through each vertex of the triangle draw a line parallel to the opposite side using ruler and compass

Asked by wiki @ 15/11/2022 in Mathematics viewed by 1514 persons

Why is manufacturing sector considered the backbone of development

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