Economy and Industries: Types and Characteristics

Obtaining and utilizing resources necessary for survival

By transforming raw materials into valuable products

Application of power, mass production, and specialized labor

<p>To produce standardized commodities</p> Signup and view all the answers

<p>Manufacturing in Third World countries may be more primitive</p> Signup and view all the answers

<p>Manufacturing, processing, and construction (infrastructure) industries</p> Signup and view all the answers

<p>Aircraft manufacturing and arms industry</p> Signup and view all the answers

<p>To reduce transportation costs.</p> Signup and view all the answers

<p>Perishability</p> Signup and view all the answers

<p>To minimize transportation costs and ensure freshness of raw materials</p> Signup and view all the answers

<p>Access to labor supply</p> Signup and view all the answers

<p>Mechanization, automation, and flexibility of industrial processes</p> Signup and view all the answers

<p>To reduce energy costs and increase efficiency</p> Signup and view all the answers

<p>Speedy and efficient transport facilities</p> Signup and view all the answers

<p>For the exchange and management of information</p> Signup and view all the answers

<p>To promote 'balanced' economic development</p> Signup and view all the answers

<p>Production of large quantities of standardised parts by each worker performing only one task repeatedly.</p> Signup and view all the answers

<p>Produce more goods with less effort and low costs.</p> Signup and view all the answers

<p>To maximise profits by reducing costs, particularly by locating at points where production costs are minimum.</p> Signup and view all the answers

<p>Access to a market for manufactured goods.</p> Signup and view all the answers

<p>A process which involves transforming raw materials into finished goods of higher value for sale.</p> Signup and view all the answers

<p>Using gadgets to accomplish tasks, with automation being an advanced stage of mechanisation.</p> Signup and view all the answers

<p>To improve quality control, eliminate waste and inefficiency, and combat pollution.</p> Signup and view all the answers

<p>Extreme specialisation and division of labour.</p> Signup and view all the answers

<p>These areas provide large markets and have high purchasing power.</p> Signup and view all the answers

<p>Manufacturing refers to the process of transforming raw materials, while manufacturing industry refers to a geographically located manufacturing unit.</p> Signup and view all the answers

<p>Individuals</p> Signup and view all the answers

<p>Basic Industries</p> Signup and view all the answers

<p>Primary activities involve extracting natural resources, while secondary activities involve processing and manufacturing these resources.</p> Signup and view all the answers

<p>Timber, wood, bamboo, grass, and lac.</p> Signup and view all the answers

<p>High-tech industries are often located in peripheral areas of major metropolitan centers.</p> Signup and view all the answers

<p>Lack of development and investment in industries</p> Signup and view all the answers

<p>Leather, wool, and ivory.</p> Signup and view all the answers

<p>To understand the use of industrial products in daily life</p> Signup and view all the answers

<p>Industries whose products are used as raw materials to make other goods.</p> Signup and view all the answers

<p>Application of intensive research and development, highly skilled workforce, and advanced scientific and engineering character.</p> Signup and view all the answers

<p>Industries that produce goods consumed directly by consumers.</p> Signup and view all the answers

<p>High-tech industries that are regionally concentrated, self-sustained, and highly specialized.</p> Signup and view all the answers

<p>Robotics, computer-aided design, electronics, and pharmaceuticals.</p> Signup and view all the answers

<p>Public, private, and joint sector.</p> Signup and view all the answers

<p>Manufacturing contributes significantly to the world economy.</p> Signup and view all the answers

<p>Neatly spaced, low, modern, dispersed office-plant-lab buildings.</p> Signup and view all the answers

<p>Foodstuffs, fabrics, mats, containers, tools, furniture, shoes, and figurines from wood, lot and forest.</p> Signup and view all the answers

<p>Production techniques and place of manufacture (a workshop outside the home/cottage of the producer).</p> Signup and view all the answers

<p>Large market, various raw materials, enormous energy, specialized workers, advanced technology, assembly-line mass production, and large capital.</p> Signup and view all the answers

<p>Agro-based, mineral-based, chemical-based, forest-based, and animal-based.</p> Signup and view all the answers

<p>Agro-processing involves processing raw materials from the field and farm into finished products, examples include food processing, sugar, pickles, and textiles.</p> Signup and view all the answers

<p>Agro-processing is the processing of raw materials into finished products, while agri-business is commercial farming on an industrial scale.</p> Signup and view all the answers

<p>Iron and steel industries, aluminium, copper, and jewellery industries, cement and pottery industries.</p> Signup and view all the answers

<p>Natural minerals are used as raw materials, for example, mineral-oil (petroleum) is used in petro-chemical industry.</p> Signup and view all the answers

<p>It provides employment and raises local purchasing power.</p> Signup and view all the answers

<p>It is often clustered in a few more developed countries, with traditional large-scale industrial regions and high-technology large-scale industrial regions.</p> Signup and view all the answers