Industrial system Flashcards

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1
Q

What is industry?

A

Economic activity involved in extraction, production and distribution of goods and services

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2
Q

What is primary industry?

A

Extraction of raw materials from the land or sea or the growing of raw materials

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3
Q

What is secondary industry?

A

Processing and manufacturing of goods from raw materials e.g. car manufacturing industry

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4
Q

What is tertiary industry?

A

Providing services e.g. teachers, doctors, taxi drivers, retailing

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5
Q

What is quaternary industry?

A

Using technology, research and development e.g. biotechnology, smartphones

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6
Q

What physical factors affected the location of industry in the nineteenth century?

A

Natural routes, power/energy , raw materials, site and land

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7
Q

What (8)human factors mostly affect modern industries?

A

Transport, labor, capital, money, economies of scale, government policies, improved technology, leisure facilities.

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8
Q

How can an industry boost its profits?

A

Keeping its costs low by locating where transport costs are low, profits are high and there is a low cost of production

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