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Manufacturing

Description
The Manufacturing sector is part of the industry sector and it has the largest contribution to the growth of the economy. Throughout the years, starting from the 1970s, the manufacturing sector has been one of the driving forces behind the country’s growth. It has proven its importance in the economy because of benefits such as employment generation and technological innovation. According to the National Statistical Coordination Board (2013), the manufacturing sector refers to the “mechanical or chemical transformation of organic or inorganic substances into new products, whether the work is performed by power-driven machines or by hand, whether it is done in a factory or in the worker’s home, and whether the products are sold at wholesale or retail.
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