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31 May, 23:03

What is the term used to describe the impact of the manufacturing process on the entire economy?

trickle down

multiplier effect

inputs versus outputs

supply side

+4
Answers (1)
  1. 1 June, 00:07
    0
    Multiplier effect

    Explanation:

    The term used to describe the impact of manufacturing process on the entire economy is called Multiplier effect. Multiplier effect measures the impact on other industries with an increase in economy of a specific industry.

    It is the increase in final income with an injection of demand in the market flow. There when a manufacturing process of any specific industry increases or decreases there is a relative impact on the entire economy.
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