How does manufacturing contribute to a country s economy?

Updated on Financial 2024-08-13
8 answers
  1. Anonymous users2024-02-16

    First of all, in terms of industrial relevance and spillover effects.

    As a provider and user of intermediate inputs, the manufacturing industry interacts more strongly and frequently with other industries, and the manufacturing industry has a higher employment multiplier than the service industry.

    Secondly, although the manufacturing industry is in developed countries.

    The share is declining, but the productivity growth of the manufacturing industry is still higher than that of other industries, and the manufacturing industry has always accounted for the largest share of R&D investment, and the U.S. manufacturing companies bear nearly 70% of the private sector's R&D expenditure;

    Thirdly, despite the continuous improvement of productivity growth and sustainability of the service industry, it has not yet surpassed the manufacturing industry, which still plays a vital role in the improvement and balance of overall productivity;

    and organizational innovation, which play a more powerful role in technological progress.

    At present, a new generation of digital technology represented by artificial intelligence and big data.

    Although it is increasingly digital and service-oriented in its form of expression, it is more dependent on the manufacturing base than in the Internet era, with the entry of digital technology into artificial intelligence and cloud computing.

    and cloud storage, the demand for dedicated chips, data centers, and data transmission equipment will rise further

  2. Anonymous users2024-02-15

    First of all, the manufacturing industry is the foundation of the country's economic rise, and secondly, there is no international status without a strong manufacturing industry, and then a strong manufacturing industry can make the country's economy continue to prosper, so it makes a huge contribution to the country's economy.

  3. Anonymous users2024-02-14

    With outstanding contributions, a country's economic development, manufacturing is the cornerstone, only the development of the manufacturing industry is very good, the economy can be better developed.

  4. Anonymous users2024-02-13

    Manufacturing supports the economy of a country as a whole, because it can solve a large number of employment problems and solve people's daily needs.

  5. Anonymous users2024-02-12

    It really has a lot of contributions to a country's economy, and the manufacturing industry is also very helpful to the country's economy.

  6. Anonymous users2024-02-11

    Essay questions refer to the solution

    Because the manufacturing industry takes manufacturing technology as the leading technology for product manufacturing, it is an important pillar of the modern national economy and the comprehensive national strength of the digging chain, and is the engine of the rapid growth of the national economy and the main embodiment of national competitiveness. The gross domestic product of manufacturing generally accounts for 20% to 55% of a country's GDP.

    On the one hand, it directly creates value, and Zhaoxiang has become the main creator of social wealth and an important source of national economic income; On the other hand, it provides the means and equipment for the progress and development of various sectors of the national economy, including national defense and science and technology. The development and sophistication of the manufacturing industry is a sign of the country's industrialization.

    The importance of the manufacturing industry.

    The manufacturing industry directly reflects the level of productivity of a country, and is an important factor to distinguish developing countries from developed countries, and the manufacturing industry occupies an important share in the national economy of the developed countries in the world.

    According to the form of matter used in production, the manufacturing industry can be divided into discrete manufacturing and process manufacturing. According to the requirements of the market, through the manufacturing process, into large tools, industrial products and consumer products that can be used and utilized by people.

  7. Anonymous users2024-02-10

    Industry is an important symbol of a country's modernization, a manifestation of a country's strength, and an important guarantee for not being constrained by foreign countries. With a sound industrial foundation, it can resist the uncertainty risk caused by natural and man-made disasters to a certain extent.

    The starting point of the industry:

    The industrial technological revolution in history, first of all, was the first technological revolution marked by the invention of the steam engine in the 18th century, because steam power replaced water power, so that factories could starve away from rivers and valleys, and a number of new industrial cities were formed and developed in coal and iron producing areas and places with convenient transportation, so that production moved from decentralized to centralized. The first industrial centers in Britain, such as the cotton textile industrial area with Manchester as the center of hunger, and the steel industrial base with Birmingham as the center, were formed in this way. <>

  8. Anonymous users2024-02-09

    The economic development of our country itself has improved the living conditions of many people, and at the same time, it has also improved the living needs of many people.

    To a certain extent, with the continuous growth of China's economy, we can find that China's economic growth has made an unparalleled contribution to the growth of the world economy. In the process of our rapid development, we have contributed more than 30% to the growth of the world economy, and this figure has also slipped back to the first place in the world. As for other developed countries, because there is a certain phenomenon of industrial hollowing out in developed countries, the economic growth rate of many developed countries is not high, so the world's economic growth is mainly provided by developing countries.

    What's going on with this data?

    This is about the data released by the National Bureau of Statistics, in the past 10 years, because China's economic growth rate is very fast, so China's economic growth has played a mainstay role in world economic growth. When our annual GDP can reach an average, the GDP growth rate of many developed countries is only about the same, and our economic development has also made an extraordinary contribution to the whole world. <>

    The economic development of our country itself will improve the living conditions of many people.

    For ourselves, in the process of rapid economic development, many people's income levels have become higher and higher, and some people have even realized the value of life through entrepreneurship, so many people's living conditions have become better and better with our economic development. At the same time, our economic development can further ensure everyone's quality of life and improve everyone's overall sense of well-being. <>

    In general, our economic development trend is relatively stable, and the economic structure is also constantly being optimized, which also means that our economic development has the conditions for long-term stable development. In the wake of the pandemic, we need to further prepare for the economic recovery of all sectors.

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