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| 1. |
What is the most appropriate way of measuring development |
| Answer» - Manufacturing industries assist in modernising agriculture and it reduce the heavy dependence on agricultural productivity.- It generates more employment opportunities and removes unemployment and poverty level in our nation.- It provides balanced regional growth in all areas of an economy. Export of manufactured goods expands trade and commerce, and brings in much needed foreign exchange.- Countries that transform their raw materials into a wide variety of furnished goods of higher value are prosperous.- Industry sector contributes 27 % of GDP out of it manufacturing accounts for 17 %.- The other ways of measuring the development of economy is to measure per capita income, total income of the country, the extent of import/export, the gdp (gross domestic produce) and the fiscal deficit. | |