Raw Materials
Definition
Raw materials are the basic substances or components extracted from the earth, which are used in manufacturing to create finished goods.
Related terms
Natural Resources: Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
Industrial Revolution: A period of major industrialization that took place during the late 1700s and early 1800s.
Manufacturing: The process of converting raw materials into finished goods for sale.
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