GENERAL KNOWLEDGE

Detailed explanation-1: -Raw materials are the inputs used in the production process to create finished products that are ready to sell to consumers. This makes raw materials a vital piece of the global economy and international trade. Having natural resources that can serve as raw materials can boost exports and help a country grow its GDP.

Detailed explanation-2: -Raw material input (RMI) is the amount of raw materials required to produce the goods which are available for use in production and consumption activities of the economy.

Detailed explanation-3: -Raw materials are unfinished materials or natural resources used to produce or manufacture finished products for sale. These materials can be used in their unprocessed or processed form as found suitable. Examples include cotton, crude oil, coal, rubber blanks, mineral ores, wood, etc.

Detailed explanation-4: -Explanation: Data can be assumed as a raw material which, in turns after processing gives the desired output in the form of instructions.

Detailed explanation-5: -Material inputs are goods that are used in making other products. ¦ They include both raw materials and manufactured products. Examples: Energy is the fuels and electricity needed to produce goods and services.