Difference between revisions of "Manufacturing"
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| − | '''Manufacturing''' describes the transformation of raw materials into finished goods for sale. It is also known by the term ''secondary industry''. Modern-style manufacturing industries are generally regarded as beginning around 1750 with the Industrial Revolution. | + | '''Manufacturing''' describes the transformation of raw materials into finished goods for sale. It is also known by the term ''secondary industry''. Modern-style manufacturing industries are generally regarded as beginning around [[1750]] with the [[Industrial Revolution]]. |
Whilst it remains a huge part of the modern world economy, many of the world's wealthiest nations devote a smaller and smaller proportion of their workforce to manufacturing enterprises due to their relocation to lower-wage countries and the rising proportion of economic activity devoted to tertiary industry. | Whilst it remains a huge part of the modern world economy, many of the world's wealthiest nations devote a smaller and smaller proportion of their workforce to manufacturing enterprises due to their relocation to lower-wage countries and the rising proportion of economic activity devoted to tertiary industry. | ||
Latest revision as of 21:31, 19 February 2007
Manufacturing describes the transformation of raw materials into finished goods for sale. It is also known by the term secondary industry. Modern-style manufacturing industries are generally regarded as beginning around 1750 with the Industrial Revolution.
Whilst it remains a huge part of the modern world economy, many of the world's wealthiest nations devote a smaller and smaller proportion of their workforce to manufacturing enterprises due to their relocation to lower-wage countries and the rising proportion of economic activity devoted to tertiary industry.
