secondary economic activity

Question 1

what is a system?

Answer 1

something that has inputs processes and outputs.

Question 2

what are the different factors that affect the location of industry ?

Answer 2

•resource materials
•labour
•transport facilities
•markets
•services
•capital
•irish government and european union policy. 
•the preferences of entreupeners or local communities. 
•
•

Question 3

explain resource materials.

Answer 3

• ingredients to make a product

* the inputs of any factory

Question 4

explain labour.

Answer 4

the type of industry will determine the workforce needed. 
•qualification
•language
•costs
•source

Question 5

explain transport facilities.

Answer 5

transport facilities are vital to:

• transport resource material
• move the finished product
• transport labour to workplace

Question 6

explain markets.

Answer 6

industries locate close to markets. the different types of market are 
•regional
•national
•european
•global

Question 7

explain services

Answer 7

services used by the industry:
•energy
•water
•telecommunications
factories locate where good services are available.

Question 8

explain capitol.

Answer 8

the money required to set up a business. this may come from investors or government grants.

Question 9

explain government policy.

Answer 9

it can affect the location of industries. they can prevent industries from locating in certain areas or countries.

Question 10

explain the preferences of entreupeners or local communities.

Answer 10

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.

Question 11

what is a weight gain industry ?

Answer 11

an industry that gained weight: when finished the product is bigger or heavier than the resource material its made from.

Question 12

what is weight loss industry.

Answer 12

a product that loses weight: a product that finishes smaller or lighter than the resource material.

Question 13

what is a heavy industry?

-give an example

Answer 13

a heavy industry is one in which the resource material and the good produced are bulky and heavy.
EXAMPLE: iron and steel manufacturing.

Question 14

what is a light industry ?

Answer 14

one in which the resource materials and the goods produced are small, light and easy to transport.
EXAMPLE: electronic products.

Question 15

what is MNC?

Answer 15

MNC- multinational corporations (companies that operate in several countries at the same time) example: coca cola.

Question 16

what are the advantages and disadvantages of MNC’s?

Answer 16

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.

Question 17

why do MNC’s locate in ireland ?

Answer 17

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.

Question 18

what is a footloose industry?

Answer 18

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.

Question 19

why are many modern industries footloose ?

Answer 19

• they are hi-tech and dont have specific raw material requirements eg: software development
• governments offer them incentives to move to particular areas.

Question 20

what is industrial inertia?

Answer 20

companies staying in the same location even though other locations might be offering them incentives to move.

Question 21

what is secondary economic activity?

Answer 21

activities that process raw materials or process even further processed materials.