Transcription of What Is Manufacturing? Why Does the Definition Matter? - …
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What Is Manufacturing? Why Does the Definition Matter? - …
What Is Manufacturing? Why Does the Definition Matter? Marc Levinson Section Research Manager February 6, 2017. Congressional Research Service 7-5700. R44755. What is Manufacturing? Why Does the Definition Matter? Summary Numerous provisions in federal law are intended to support manufacturing in the United States. Almost without exception, these provisions define manufacturing as the process of physically transforming goods. Physical transformation involves what might be thought of as traditional manufacturing activities such as molding, cutting, and assembly. These laws establish a variety of potential benefits, preferences, or penalties based on the country in which physical transformation occurs.
Feb 08, 2017 · This definition, however, is of limited usefulness in understanding how manufacturers and workers create economic value. The economic value of a manufactured good, and the employment related to the production of that good, may be derived from a wide variety of specific activities in addition to physical transformation. Two types of nonmanufacturing
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