Question
Write the significance of manufacturing industries in the economic development of a country.
Solution
Followings are the significance of manufacturing industries:
1. Manufacturing industries transform the raw materials into more useful and valuable goods.
2. Manufacturing industries change the utility and shape of a material and thus increases its value and quality.
3. Industries raise the per capita income of the people of a country.
4.Manufacturing industries help in the urbanisation and social development of people of a region.
5. Industrialisation help in the development of public services like education, health, communication, banking and administration etc..
6. Manufacturing industries remove poverty and revise the standard of living of the people of any country.
7. They help in earning foreign exchange.
