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An industrial region or industrial area is a geographical region with extremely dense industry. It is usually heavily urbanized . Panorama of North Korea 's Kaesong Industrial Region.
The company, one of the largest steel manufacturers for most of the 20th century, ceased most manufacturing in 1982. The Rust Belt, formerly the Steel Belt or Factory Belt, is an area of industrial decline centered in the Great Lakes region of the United States.
Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. The manufacturing process begins with the product design , and materials specification .
Manufacturing output recovered from the Great Recession, reaching an all-time high in 2021, but manufacturing employment has been declining since the 1990s, giving rise to what is known as a "jobless recovery," which made job creation or preservation in the manufacturing sector an important topic in the 2016 United States presidential election.
The basic industries of a region are identified by comparing employment in the region to national norms. If the national norm for employment in, for example, Egyptian woodwind manufacturing is 5 percent and the region's employment is 8 percent, then 3 percent of the region's woodwind employment is basic. Once basic employment is identified, the ...
Manufacturing is an important activity in promoting economic growth and development. Nations that export manufactured products tend to generate higher marginal GDP growth, which supports higher incomes and therefore marginal tax revenue needed to fund such government expenditures as health care and infrastructure .
Manufacturing, which accounts for 10.3% of the economy, continues to tread water in the aftermath of the U.S. central bank's aggressive monetary policy tightening between March 2020 and July 2023.
A factory, manufacturing plant or production plant is an industrial facility, often a complex consisting of several buildings filled with machinery, where workers manufacture items or operate machines which process each item into another.