Manufacturing is an integral and huge part of the economy. It involves processing and refining raw materials, such as ore, wood, and foodstuffs, into finished products, such as metal go… See more

How products are manufactured has changed over time. People have historically manufactured goods using raw materials. And in certain cases, they still do. Hand manufacturi… See more

Make to Stock
A traditional production technique is make-to-stock, the manufacturing of a standard product based on forecastdemand. A company e… See more

Handmade products dominated the market before the Industrial Revolution. This period ushered in the industrial process, where raw materials were made into finished products in … See more

Economists and government statisticians use various ratios when evaluating the role manufacturing plays in the economy. For example, manufacturing value added (MVA) is a… See more