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Manufacturing
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.
See also:
- Primary industry
- Wholesaler
- factory
- just in time manufacturing
- lean manufacturing
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