Summary Note
Key concept recap
Introduction to Manufacturing
Manufacturing refers to the production of goods in large quantities after processing raw materials into more valuable products. Examples include paper from wood, sugar from sugarcane, iron and steel from iron ore, and aluminium from bauxite. People employed in manufacturing belong to the secondary sector of the economy.
The economic strength of a country is closely linked to the development of its manufacturing industries. Manufacturing modernises agriculture, reduces dependence on agricultural income, eradicates unemployment and poverty, reduces regional disparities, earns foreign exchange through exports, and transforms raw materials into high-value finished goods. Countries that excel at this transformation become prosperous.