Industry Flashcards
What is meant by the inputs?
Goods that are used to make other goods
What is meant by process?
What takes place to turn the input into an output
What is meant by outputs?
The final product
What is manufacturing and an example?
The making of products or goods
Industrial production
What is processing and an example?
Doing a series of mechanical operations on the product to change it
Irrigation
What is assembling and an example?
Manufacturing process in which parts are added to make a product
Car industry
What is high technology and an example?
Advanced technological development in electronics
Telecommunications
What is a footloose industry?
An industry that can be placed anywhere without an effect on its production
Important factors for a high tech industry
Large areas of low cost greenfield sites
Excellent communications network
Excellent leisure facilities
Important factors for a manufacturing industry
Power supply Communications Access to market Good transportation routes Labour supply
What is a primary industry?
An industry that produces raw materials
What is a secondary industry?
An industry which changes raw materials into goods
What is a tertiary industry?
An industry that provide services
