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chapter 1, Industry - Coggle Diagram
chapter 1
economic transformation of 🇭🇰
entrepot trade
Hong Kong has been an entrepot since the 19th century. Under the free port policy, no tariff was charged on most goods that entered or left Hong Kong. Many entrepot trade industries were eveloped, like shipping trading, shipbuilding and repairing.
shift from entrepot trade to manufacturing industry
after world war 2, industrialisation of 🇭🇰began to speed up
from shipbuilding, to textile and clothing, to to, to plastics, to electronics, to clocks and watches, and to food industry
special distribution of industrial areas
Industry
location factors
Labour
Raw materials
Land
power
Research and Development
sector industry
primary industry
extract+ collect natural resources as raw materials
secondary industry
turn raw materials into semi-finished/ finished products
tertiary industry
provide services to people and other industries
newly developed
quaternary industry
manufacturing system
input
natural resources
land
raw materials
non-made resources
capital
power
machines
entrepreneur
labour
process
spinning
weaving
dyeing
output
useless outputs
pollutants
sewage
useful products
clothes
sales in markets
money
input
classifications of manufacturing industry
by weight and amount of raw materials and products
heavy industry
heavy weighted raw materials and products
capital intensive
large space for production
light industry
light weighted raw materials and products
labour intensive + small in production
by inputs of labour and capital
labour intensive
cheap labour for production
eg. toy industry
capital intensive
large sum of capital for the industry
eg. aircraft industry
level of technology
low-tech industry
low-skilled labour
high-tech industry
skilled labour
advanced technology
types of industry
broad sense
different kind of economic activities that produce goods and service for people
narrow sense
manufacturing activity
GDP by sector
measure of market value of final goods and services of a country or region in a year
More Developed Countries
90%→ secondary or tertiary industry
10%→ primary industry
less developed country/ developing countries
60%→ secondary or tertiary industry
40%→ primary industry