Which of the following best describes how manufacturing creates wealth? increases the number of affluent Americans living in the United States and abroad drives the stock market, thus creating wealth for investors provides many low-wage jobs, driving down the unemployment rate increases the value of raw materials by turning them into something people and companies will purchase

Question

Business

Ronnie Black

1 December, 18:54

Which of the following best describes how manufacturing creates wealth? increases the number of affluent Americans living in the United States and abroad drives the stock market, thus creating wealth for investors provides many low-wage jobs, driving down the unemployment rate increases the value of raw materials by turning them into something people and companies will purchase

+1

Answers (2)

Know the Answer?

Alissa · Answer 1

provides many low-wage jobs, driving down the unemployment rate

Explanation:

Manufacturing creates wealth by providing many low-wage jobs thus driving down the unemployment rate in a country. The standards of living of the people is thus improved

Leanna Oliver · Answer 2

The correct answer would be Provides many low wage jobs, and Driving down the unemployment rate.

Explanation:

When manufacturing increases in an economy, it means that there is a growth in the economy, people are demanding products and for that manufacturers are manufacturing products. Manufacturing requires more workforce, so many of the lower paid workers are been employed, which contributes towards lowering the unemployment rate of the country overall. More people gets employed and thus employment increases which decreases the unemployment rate.