Linkage Industries

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Questions and Answers

Which term is used to describe an industry that is interdependent on another industry?

  • Linkage industry (correct)
  • Screwdriver industry
  • Import industry
  • Spin-off industry

What are other names for linkage industries?

  • Interdependent industries
  • Spin-off industries (correct)
  • Secondary industries
  • Import industries

How do screwdriver industries contribute to employment?

  • They have no impact on employment
  • They reduce the working population
  • They increase unemployment rates
  • They allow more unemployed people to find jobs (correct)

Why is reduced importation of products important for developing countries?

<p>It saves on imports (B)</p> Signup and view all the answers

What advantage do Caricom member-countries have in importing products from linkage industries?

<p>Reduced or preferential tariffs (C)</p> Signup and view all the answers

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Study Notes

Industry Interdependence

  • Linkage industry: an industry that is interdependent on another industry
  • Other names for linkage industries include backward linkage and forward linkage

Screwdriver Industry and Employment

  • Screwdriver industries contribute to employment by creating jobs in manufacturing and assembly

Importance of Reduced Importation for Developing Countries

  • Reduced importation of products is important for developing countries as it allows them to conserve foreign exchange and reduce dependence on foreign countries

Caricom Member-Countries Advantage

  • Caricom member-countries have an advantage in importing products from linkage industries as they are exempt from tariffs and other trade restrictions, making it cheaper and more convenient to import these products

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