Unit 55: Industries: from manufacturing to service Flashcards
1
Q
heavy industry
A
steel works, shipbuilding
2
Q
light industry
A
manufacturing car parts, TV sets
3
Q
manufacturing industry
A
making things, consumer goods
4
Q
service industry
A
serving people, tourism, banking
5
Q
cutting-edge technology
A
involving new and innovative technology
6
Q
conventional technology
A
using standard, proven technology
7
Q
privitisation
A
e.g selling off state railways to private companies
8
Q
nationalisation/state ownership
A
when industry is owned by the government
9
Q
public-private partnerships
A
partly state-owned, partly owned by private industries or businesses
10
Q
subsidy
A
money/grants which enable it to stay in profit
11
Q
inward investment
A
investment from foreign companies
12
Q
on piecework
Most of the factory workers are on piecework.
A
they are only paid for the amount they produce
13
Q
A
