Manufacturing

Manufacturing is the business of producing goods in large numbers [Cambridge Dictionary].
The term manufacturing refers to the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing.
Manufacturing allows businesses to sell finished products at a higher cost than the value of the raw materials used. Large-scale manufacturing allows for goods to be mass-produced using assembly line processes and advanced technologies as core assets. Efficient manufacturing techniques enable manufacturers to take advantage of economies of scale, producing more units at a lower cost.
Manufacturing is an integral and massive part of the economy. It involves the processing and refining of raw materials, such as ore, wood, and foodstuffs, into finished products, such as metal goods, furniture, and processed foods. Converting these raw materials into something more useful adds value. This added value increases the price of finished products, making manufacturing a very profitable part of the business chain. Some people specialize in the skills required to manufacture goods, while others provide the funds businesses need to purchase the tools and materials [Investopedia].

Sources:

Manufacturing. Investopedia. Retrieved from: https://www.investopedia.com/terms/m/manufacturing.asp

Manufacturing. Cambridge Dictionary. Retrieved from: https://dictionary.cambridge.org/dictionary/english/manufacturing