12 BENEFITS OF MANUFACTURING BUSINESSES

12 BENEFITS OF MANUFACTURING BUSINESSES

  • Production of goods: manufacturing industries produce goods needed by people
    and other businesses as raw materials.
  • Source of income manufacturing businesses which are profitable are a source of
    income to the owners.




  • Employment opportunities: manufacturing industries provide employment
    opportunities to people who earn income and hence improving their standards of
    living.
  • Market for local products: manufacturing industries provide market for locally
    produced goods and raw materials produced by people.
  • Value addition: manufacturing industries add value to raw materials and make
    them more useful.
  • Recycling products: manufacturing industries recycle products which would have
    been dangerous to the environment e.g. plastic materials.
  • Contribution to community development: manufacturing industries help in
    development programs by making donations or directly participating in other
    activities e.g. building schools, hospitals.




  • Paying taxes: manufacturing industries pay taxes to the governments which are
    used to improve on the infrastructure like roads.

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mwaikusa

IAM experienced geography teacher with more than three years of teaching and creating content related to geography and other subjects for both high school and college students. hope you will find the content of this website useful to your studies and daily life

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