What term describes producing goods on a large scale using capital?

What term describes producing goods on a large scale using capital?

• A. Mining
• B. Manufacturing
• C. Marketing
• D. Milling

Answer: (B)

Manufacturing is the process of turning raw materials into finished goods through machinery, factories, and organized labor, especially when done on a large scale with capital invested in equipment and facilities. This setup—using machines and capital to produce standardized products efficiently—characterizes mass production and economies of scale. Mining focuses on extracting resources from the earth, marketing is about promoting and selling products, and milling refers to a specific processing step like grinding or cutting materials, not the broad, capital‑intensive production of goods.

Manufacturing is the process of turning raw materials into finished goods through machinery, factories, and organized labor, especially when done on a large scale with capital invested in equipment and facilities. This setup—using machines and capital to produce standardized products efficiently—characterizes mass production and economies of scale. Mining focuses on extracting resources from the earth, marketing is about promoting and selling products, and milling refers to a specific processing step like grinding or cutting materials, not the broad, capital‑intensive production of goods.