Domestic Manufacturing
Domestic manufacturing refers to the production of goods within a country's borders. This process involves using local resources, labor, and facilities to create products that can be sold in the domestic market or exported. It plays a crucial role in a nation's economy by creating jobs and supporting local industries.
By focusing on domestic manufacturing, countries can reduce reliance on imported goods, which can enhance economic stability. Additionally, it often leads to shorter supply chains, making it easier to manage production and distribution. This approach can also promote innovation and improve product quality through closer oversight.