Concepts and Definitions
An economic activity involving processing materials and transforming them mechanically, chemically, or manually into finished or semi finished products and/or converting them into other goods having higher value and closer to the final user.
Manufacturing activities that serve others. In conducting such activities, materials are supplied by others, while establishments engaged in the service activity only process and obtain payments for those activites as compensation.
A production unit engaging in an economic activity, producing a good or a service in one location, which maintain business records covering production and cost, and has at least one person that bears responsibility for such activity.
The manufacturing sector is divided into four categories of establishments:
- Large Industry (number of persons engaged is 100 or more)
- Medium Industry (number of persons engaged is 20-99)
- Small Industry (number of persons engaged is 5-19)
- Cottage Industry (number of persons engaged is 1-4)