Question

Why is the economic strength of a country measured by the development of manufacturing industries? Explain with examples.

Answer 1

Instructions:

• Give introduction
• Explain why the development of manufacturing industries is a measure of a country's economic strength.

Solution:
Manufacturing is the production of goods in large quantities after processing from raw materials to more valuable goods. The manufacturing industries play a crucial role in a country's social and economic development. The development of manufacturing industries indeed measures the economic strength of a country.

• Manufacturing industries contribute to the modernisation of the agricultural sector, which is the backbone of our country’s economy.
• These industries help to reduce people's heavy reliance on agricultural income by providing jobs in the secondary and tertiary sectors.
• It reduces regional disparities by setting up industries in remote, underdeveloped and tribal areas.
• Exports of manufactured goods expand trade and commerce, which brings much-needed foreign exchange to the country.
• Therefore, the prosperity of our country is based on the fastest possible diversification and growth of the manufacturing industries.