secondary economic activity Flashcards
(21 cards)
what is a system?
something that has inputs processes and outputs.
what are the different factors that affect the location of industry ?
•resource materials •labour •transport facilities •markets •services •capital •irish government and european union policy. •the preferences of entreupeners or local communities. • •
explain resource materials.
- ingredients to make a product
* the inputs of any factory
explain labour.
the type of industry will determine the workforce needed. •qualification •language •costs •source
explain transport facilities.
transport facilities are vital to:
- transport resource material
- move the finished product
- transport labour to workplace
explain markets.
industries locate close to markets. the different types of market are •regional •national •european •global
explain services
services used by the industry: •energy •water •telecommunications factories locate where good services are available.
explain capitol.
the money required to set up a business. this may come from investors or government grants.
explain government policy.
it can affect the location of industries. they can prevent industries from locating in certain areas or countries.
explain the preferences of entreupeners or local communities.
ENTREUPENERS: a person who takes risks involving business venture. they look for the ideal location for their industry.
LOCAL COMMUNITY: a social group who have shared interests. if they object to an industry being built, it wont be built in that area.
what is a weight gain industry ?
an industry that gained weight: when finished the product is bigger or heavier than the resource material its made from.
what is weight loss industry.
a product that loses weight: a product that finishes smaller or lighter than the resource material.
what is a heavy industry?
-give an example
a heavy industry is one in which the resource material and the good produced are bulky and heavy.
EXAMPLE: iron and steel manufacturing.
what is a light industry ?
one in which the resource materials and the goods produced are small, light and easy to transport.
EXAMPLE: electronic products.
what is MNC?
MNC- multinational corporations (companies that operate in several countries at the same time) example: coca cola.
what are the advantages and disadvantages of MNC’s?
ADVANTAGES:
•provide direct employment
•generates income in the economy.
DISADVANTAGES:
•decisions are made by the headquarters in the parent country.
•profits are returned to the parent country.
•branches can be shut down and relocated to cheaper regions.
why do MNC’s locate in ireland ?
ireland offer: -skilled labour -corporate tax reliefs -access to eu market -government incentives(grants) MNC's offer: -more employment -economic spinoffs for local communities -services to the larger community.
what is a footloose industry?
industries that can locate in a wide range of places without affect of factors suchas transport and raw materials. they have a low demand for raw materials and dont need big sites for their industries.
why are many modern industries footloose ?
- they are hi-tech and dont have specific raw material requirements eg: software development
- governments offer them incentives to move to particular areas.
what is industrial inertia?
companies staying in the same location even though other locations might be offering them incentives to move.
what is secondary economic activity?
activities that process raw materials or process even further processed materials.
