Industry Flashcards
1
Q
Define Industry
A
Economic activity concerned with the processing of raw materials and manufacture of goods in factories
2
Q
Formal sector
A
- regular salary
- employee rights
- must pay tax
3
Q
Quaternary employment
A
- high tech service industry
- mainly research /developments
4
Q
Primary employment
A
- extracting raw materials from the ground
5
Q
Define secondary employments
A
Making products from combining raw materials
6
Q
Tertiary employment
A
Sales or provide a service to people
7
Q
Informal sector
A
- don’t receive regular salary/no tax
- doesn’t receive benefits such as a pension or health insurance
8
Q
Factors influencing industrial location(human)
A
- skilled labor: especially quaternary
- cheap labor
- market
- transport links
- good communication
9
Q
Factors influencing industrial location(physical)
A
- flat land
- renewable energy sources
- available land
- water supply
10
Q
What are associated with inputs?
A
Capital: money, property or goods
Labor: workers
Raw materials: unprocessed gooss
11
Q
What are associated with processes?
A
Assembly
Maintenance
packaging
Transport
12
Q
What are associated with outputs?
A
Product
Profit
