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What is the importance in the economy of manufacturing business?
Wiki User
∙ 10y ago
A healthy economy will have a strong manufacturing base. This will help to keep many people employed and be a source of exporting the goods and lessen the need for importing certain products. Certain types of domestic manufacturing are also vital for a nation's economy. As an example, aerospace and defense product manufacturing creates a situation where arms and warplanes, as one example, are not dependent upon a foreign source of manufacturing.
Wiki User
∙ 10y ago
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What part of the country had an economy based on business and manufacturing?
which country, please be more specific
What are the key features of the post industrial economy?
A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.
What is the importance of international business in developing countries?
The importance of international business in developing countries is that it creates exposure and a platform for the country to grow its economy. International business is a learning platform through interactions.
Explain the meaning of entrepreneurship discuss the importance of entrepreneurship to indian economy?
It is the process of starting a business or other organization. Its importance in India is that it boosts the economy since most people have their own businesses.
What does it mean to say US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What is the importance in the economy of business?
A healthy economy will have a strong manufacturing base. This will help to keep many people employed and be a source of exporting the goods and lessen the need for importing certain products. Certain types of domestic manufacturing are also vital for a nation's economy. As an example, aerospace and defense product manufacturing creates a situation where arms and warplanes, as one example, are not dependent upon a foreign source of manufacturing.
Why business is important?
Yes, business is important because businesses provide goods, services, and jobs. Without businesses, every family would have to be experts at all facets of life: cooking, mechanical work, farming, surgery, computer manufacturing, video production, ect. Life would not be practical. In conclusion, the importance of businesses in our economy is that that allow specialization of labor. Because business "IS" the economy. Whithout business, there is no economy.Thus, the importance.
What part of the country had an economy based on business and manufacturing?
which country, please be more specific
What are the key features of the post industrial economy?
A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.
What is the importance of international business in developing countries?
The importance of international business in developing countries is that it creates exposure and a platform for the country to grow its economy. International business is a learning platform through interactions.
Explain the meaning of entrepreneurship discuss the importance of entrepreneurship to indian economy?
It is the process of starting a business or other organization. Its importance in India is that it boosts the economy since most people have their own businesses.
How did Hamilton hope to diversify and strengthen the U.S. economy Why did Jefferson disagree with Hamilton on this issue?
Hamilton wanted to promote the growth of manufacturing and commerce. Jefferson disagreed because he was worried about depending too much on a business and manufacturing economy.
What does it mean to say the US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What does it mean to say US has a service economy?
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
What is the Importance of advice in business communication?
the importance of business communication advice is it allow new business men learn from mistakes or good business decisons of someone who is experienced in business which would lessen the chance of businesses failing and raise the chance of businesses succeding and the economy strengthing.
How does the digital camera assist business in doing their information processing tasks?
it helps with security and manufacturing in business it helps with security and manufacturing in business it helps with security and manufacturing in business it helps with security and manufacturing in business
What were Alexander Hamilton ideal economy?
establish the nation's financial credibility.
