Done because you can make the board really cheap. Use single side SRBP board with copper only on the one side, and then etch the bottom to make all the traces there. Then you use a NC drill to make all the holes, going through 10 boards all stacked up at once. Follow that with a bed of nails tester, to probe every hole and check all the tracks are intact (optional, you can just have a person look at the board to see all are drilled). Then into a frame, and silkscreen on the bottom solder mask on the board, followed by an oven to cure it. Flip board over to the next jig, and silver loaded ink is applied to the top, going down the through holes to fill them, then drying and clearing the holes for component legs. Quick heat cure, and next screen puts carbon loaded ink on board, again with quick heat cure. Then screen print with a black soldermasks for the top, and after the final oven cure there is a final screen with UV cure varnish, to seal the silver inks and carbon from air for a few years, so they will stay stable.
Yes a lot of process steps, but cheaper in volume, especially as all the large holes and the final shape are made using a large press, punching the unwanted holes, and the board final shape, all at once with a large die set. single side SRBP board, literally sheets of paper and phenolic resin pressed and heated, with one copper sheet on the one side, in a large press with heated die. If you are making thousands of boards, in batches over a period of a few years, and you can easily change board type simply by omitting steps in the screen print process, and have amortised the machines over decades, you will carry on with this. Any board that is not critical can have this process done, and it saves money and time in assembly, no need to put wire jumpers, resistors, but still have 99.99% finished assembly rate success.