chapter 19 Categories of industry

Question 1

industry

Answer 1

economy is formed by diff industries
primary or extractive: natural resources
secondary: construction and manufacturing
tertiary: hotels, gvt services etc

Question 2

factors of production

Answer 2

the resources available to help you produce consumer goods

together they govern the standard of living

Question 3

list factors of production

Answer 3

1 Land
2 Labour
3 Capital
4 Enterprise

Question 4

Land

Answer 4

fixed supply
reward- rent
refers to physical land and other natural resources extracted from land, sea, air
eg wind power, forestry

Question 5

labour

Answer 5

size and age of population, skilled or unskilled
no. and type of people used to produce goods/ services
reward- wage

Question 6

capital

Answer 6

anything that is man-made that helps in the production of goods and services eg machinery, equipment, money
reward- interest

Question 7

enterprise

Answer 7

human willingness to take on a financial and personal risk in setting up a business in return for a profit
combines all factors
reward- profit

Question 8

renewable resources

Answer 8

will not run out if carefully managed
solar power
wood
wind

Question 9

non-renewable resources

Answer 9

limited supply- become extinct
oil
natural gas
coal

Question 10

primary sector

Answer 10

take raw materials from nature

extractive industry

good for balance of trade and balance of payments(reduced imports increased exports)

receive financial support from EU to help with competitiveness

Question 11

agriculture industry

Answer 11

major industry

valuable raw materials

Question 12

agriculture employment

Answer 12

4%

Question 13

agriculture exports

Answer 13

6% largest beef exporters in the EU

Question 14

agriculture problems

Answer 14

farms are small
farmers are old
cyclical industry -income
CAP
extreme weather conditions

Question 15

fishing industry

Answer 15

small

Question 16

fishing employment

Answer 16

11,000

Question 17

fishing exports

Answer 17

to Europe, Africa, and Far East

Question 18

fishing problems

Answer 18

overfishing
CFP- quotas
licensing system
pollution disease

Question 19

forestry industry

Answer 19

3rd lowest cover in Europe

Coillte

Question 20

forestry employment

Answer 20

1,100

Question 21

forestry exports

Answer 21

none

Question 22

forestry problems

Answer 22

grants needed to encourage growth

rely on imports

Question 23

list importance of primary sector

Answer 23

1 employment
2 export thus improving balance of payments
3 consumers Irish products
4 provide food for the country

Question 24

importance of primary sector

1 employment

Answer 24

pay wages
pay taxes to the gvt.
helps standard of living

Question 25

importance of primary sector | 2 export thus improving balance of payments

Answer 25

wood and beef | brings in revenue

Question 26

importance of primary sector | 3 consumes Irish products

Answer 26

farmers buying machinery | fishermen buying boats

Question 27

importance of primary sector | 4 provides food for the country

Answer 27

heat for Irish citizens- peat

Question 28

4 changing trends in the primary sector

Answer 28

1 increased investment in wind and solar energy 2 growth in veganism- Irish beef and chicken affected 3 EU milk quota abolished in 2015 4 increased pressure for beef prices to fall- Lidl and Dunnes, isn’t viable for farmers

Question 29

secondary sector

Answer 29

takes raw materials from the primary sector, processes these raw materials and produces finished goods to sell 15% of the total global market for infant formula is supplied by Irish businesses

Question 30

importance of manufacturing

Answer 30

``` 1 employment workers receive wages 2 exports balance of payments 3 consumer of Irish raw materials purchases from the primary sector provides important income for farmers, fishermen etc taxes to gvt. ```

Question 31

changing trends in manufacturing

Answer 31

``` 1 competition from low wage economies TNCs leaving Ireland 2 capital intensive fewer employees 3 TNCs have established in Ireland to gain access to EU trading bloc 4 increase in minimum wage and insurance ```

Question 32

fun fact🤪🤪🤪🤪🤪

Answer 32

in 2014 Ireland was the 7th largest exporter of pharmaceutical products in the world😮

Question 33

list importance of construction

Answer 33

1 employment 2 consumes Irish raw materials 3 builds infrastructure 4 capital investment

Question 34

importance of construction | 1 employment

Answer 34

labour intensive | gvt. receives taxes

Question 35

importance of construction | 2 consumes Irish raw materials

Answer 35

primary sector

Question 36

importance of construction | 3 builds infrastructure

Answer 36

Irish citizens and businesses

Question 37

importance of construction | 4 capital investment

Answer 37

new schools linking the Luas lines provides a boost to Irish economy

Question 38

trends in secondary sector

Answer 38

1 growth of Irish PLSs eg Glanbia, Kerry Group in the agri- food sector 2 recovery of construction sector since the global recession 3 large presence of pharma firms eg Pfiser, Johnson and Johnson 4 growth of automation, increased production levels

Question 39

services/ tertiary

Answer 39

gives a service not a product employs almost 75% of ppl in the Irish economy 90% of Irish businesses are in the service industry tourism is an important tertiary industry provides taxes (corporation tax, PAYE, eyc) to exchequer

Question 40

trends in tertiary service

Answer 40

``` 1 poor/ limited broadband in rural areas 2 expensive commercial rates 3 Brexit uncertainty 4 higher wage demands 5 online sales negatively impacting retail stores 6 more discount retailers eg LIDL 7 increased automation eg self checkout ```

Question 41

importance of tertiary

Answer 41

1 employment 2 invisible exports eg financial services, brings revenue 3 attracting TNCs, need services to set up