Question

Why are manufactured goods more valuable to the economy than services? (Select all that apply.

Manufactured goods are less expensive than handmade goods.
Manufacturing workers save more money than other workers.
Manufacturing workers have more money to spend on other goods and services.
Manufactured goods can be exported to other countries.

Answer 1

Manufactured goods are more valuable to the economy than services because they can be exported to generate revenue, manufacturing workers have more money to spend, and manufacturing creates a ripple effect in the economy.

Step-by-step explanation:

Manufactured goods are more valuable to the economy than services for several reasons:

1. Manufactured goods can be exported to other countries: This means they can contribute to a country's trade surplus and generate revenue. For example, a country that produces cars can export them to other countries, creating jobs and income.
2. Manufacturing workers have more money to spend on other goods and services: Manufacturing jobs often pay higher wages compared to some service sector jobs. This means manufacturing workers have more disposable income to spend on other goods and services, boosting the economy.
3. Manufacturing creates a ripple effect in the economy: When goods are manufactured, they require raw materials and inputs from various industries. This creates interdependence between different sectors, leading to a multiplier effect on the overall economy.

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