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Introduction To Industry

Manufacturing transforms raw materials into finished goods through the use of machines, tools, and labor. It can involve multiple steps from producing components to assembling complex products like vehicles or appliances. Manufacturing occurs under different economic systems - in free markets, production is directed toward mass consumer sales for profit, while centrally planned economies direct manufacturing to supply state needs. Major global manufacturers include automotive companies like Toyota and General Motors, as well as industrial giants like General Electric and Siemens. The manufacturing industry encompasses businesses that produce metals, chemicals, machinery, construction materials, food, and more.

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488 views3 pages

Introduction To Industry

Manufacturing transforms raw materials into finished goods through the use of machines, tools, and labor. It can involve multiple steps from producing components to assembling complex products like vehicles or appliances. Manufacturing occurs under different economic systems - in free markets, production is directed toward mass consumer sales for profit, while centrally planned economies direct manufacturing to supply state needs. Major global manufacturers include automotive companies like Toyota and General Motors, as well as industrial giants like General Electric and Siemens. The manufacturing industry encompasses businesses that produce metals, chemicals, machinery, construction materials, food, and more.

Uploaded by

Vinit Jetwani
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Introduction to Industry: Manufacturing Industry

Manufacturing is the use of machines, tools and labour to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users the "consumers".

Manufacturing takes turns under all types of economic systems. In a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In free market economies, manufacturing occurs under some degree of government regulation. Modern manufacturing includes all intermediate processes required for the production and integration of a product's components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead. The manufacturing sector is closely connected with engineering and industrial design. Examples of major manufacturers inNorth America include General Motors Corporation, General Electric, and Pfizer. Examples in Europe include Volkswagen Group, Siemens, and Michelin. Examples in Asia include Toyota, Samsung, and Bridgestone.

Manufacturing industry includes enterprises that produce ferrous and nonferrous metals; chemical and petrochemical products; machinery and equipment; wood products, paper, and pulp; cement and other construction materials; light industrial products; and foodstuffs. Enterprises that repair industrial products are also included.

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