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10 - Manufacturing

from Part III - Industries

Published online by Cambridge University Press:  16 December 2021

Vincenzo Morabito
Affiliation:
Università Commerciale Luigi Bocconi, Milan
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Summary

Manufacturing is defined as the process of transforming raw materials, parts or components into finished goods or products for sale to customers whose expectations or requirements the goods or products meet. Employment of labor (man) and machinery, as the case may be, is vital in manufacturing. Macro analysis refers to how the economic activities of existing firms and government economic policies can affect the overall output, price levels and employment and growth rates of an economy. These models and experiential pieces of information also help to clarify how to maintain both internal and external economic stability in the short run. Economists are hugely interested in the factors that play a role in the economic growth of a country, as these can bring about more job opportunities and make goods and services more affordable, thereby raising people’s standard of living in that country. This chapter gives a thorough insight into the macro analysis of manufacturing industries and how important digitalization is to their improvement, in part by discussing two case studies.

Type
Chapter
Information
Digital Entrepreneurship
Management, Systems and Practice
, pp. 200 - 215
Publisher: Cambridge University Press
Print publication year: 2022

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References

Stewart, LA. The Impact of Regulation on Innovation in the United States: A Cross-Industry Literature Review. Information Technology and Innovation Foundation (2010) 129.Google Scholar
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Sabbagh, K, Friedrich, R, El-Darwiche, B, Singh, M., Koster, A. Digitization for Economic Growth and Job Creation: Regional and Industry Perspectives. Chapter 1.2. The Global Information Technology Report 2013. World Economic Forum (2013) 3542.Google Scholar
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  • Manufacturing
  • Vincenzo Morabito, Università Commerciale Luigi Bocconi, Milan
  • Book: Digital Entrepreneurship
  • Online publication: 16 December 2021
  • Chapter DOI: https://doi.org/10.1017/9781108979917.011
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  • Manufacturing
  • Vincenzo Morabito, Università Commerciale Luigi Bocconi, Milan
  • Book: Digital Entrepreneurship
  • Online publication: 16 December 2021
  • Chapter DOI: https://doi.org/10.1017/9781108979917.011
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Manufacturing
  • Vincenzo Morabito, Università Commerciale Luigi Bocconi, Milan
  • Book: Digital Entrepreneurship
  • Online publication: 16 December 2021
  • Chapter DOI: https://doi.org/10.1017/9781108979917.011
Available formats
×