Question 1
What is manufacturing? Why is it considered the backbone of development?
Definition: Production of goods in large quantities after processing from raw materials to more valuable products is called manufacturing (e.g., sugar from sugarcane, cloth from cotton).
Backbone of Development:
- Agriculture Modernization: It helps in modernizing agriculture by providing tools (tractors, fertilizers) and reduces the heavy dependence of people on agricultural income by providing jobs.
- Employment: It helps in eradicating unemployment and poverty.
- Trade: Export of manufactured goods expands trade and commerce and brings in much-needed foreign exchange.