High tech industry Flashcards
1
Q
Attractions for hi tech industry
A
- Easy access to airports
- Government incentives
- Cheap land prices
- Proximity to other hi tech industry
- High qualified and skilled workforce
- Attractive location - shopping, cultural and entertainment facilities
- Close to research facilities and universities: For quaternary industries that carry out a lot research and development they need to be located near universities that have skilled workers and available laboratories
- Good road links
- Nice Environment: For tertiary and quaternary industries who are trying to attract skilled workers it is useful to be near a nice environment to make working their more attractive.
2
Q
Definition of hi tech industry
A
Industries that are focused on research and development and the production of products that often contain microchips. Classified as quaternary
3
Q
Define conglomeration
A
The process of clustering together in one area.
4
Q
Define a footloose industry
A
Normally tertiary or quaternary industries that are not tied to raw materials and therefore don’t have such strict location requirements. Because of this they might look for more human factors like skilled labour, good housing and recreational facilities or access to capital.