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Importance of Manufacturing Video Lecture | Social Studies (SST) Class 10

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FAQs on Importance of Manufacturing Video Lecture - Social Studies (SST) Class 10

1. What is the importance of manufacturing?
Ans. Manufacturing plays a crucial role in the economic growth and development of a country. It creates job opportunities, drives innovation, boosts productivity, contributes to GDP, promotes exports, and improves the standard of living.
2. How does manufacturing create job opportunities?
Ans. Manufacturing industries require a large workforce, ranging from skilled technicians and engineers to assembly line workers. By establishing manufacturing units, companies create job opportunities, reducing unemployment rates and stimulating economic growth.
3. How does manufacturing drive innovation?
Ans. Manufacturing involves the production of goods using various technologies and processes. This constant need to improve production methods and develop new products leads to technological advancements and innovations. Manufacturing drives innovation by encouraging research and development activities.
4. How does manufacturing contribute to GDP?
Ans. The manufacturing sector contributes significantly to the Gross Domestic Product (GDP) of a country. It generates revenue through the production and sale of goods, which adds to the overall economic output. A strong manufacturing base is often associated with a higher GDP.
5. How does manufacturing promote exports?
Ans. Manufacturing plays a vital role in promoting exports. By producing goods that meet international quality standards, countries can export their products to foreign markets. Exporting manufactured goods not only brings in foreign exchange but also enhances a country's reputation as a reliable supplier in the global market.
78 videos|503 docs|131 tests

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