How can consumer awareness be spread among consumers to avoid exploitation in the market place? Explain any three ways.
Manufacturing sector is considered the backbone of development in general and economic development in particular mainly because–
- Manufacturing industries help in modernising agriculture which forms the backbone of our economy
- Reduces the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors.
- Industrial development is a precondition for eradication of unemployment and poverty from our country.
- Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange.
- brings down regional disparities by establishing industries in tribal and backward areas
- Countries that transform their raw materials into a wide variety of finished goods of higher value are prosperous. India’s prosperity lies in increasing and diversifying its manufacturing industries as quickly as possible.