The document discusses several topics related to industry in less economically developed countries (LEDCs): - The economies of many LEDC countries are based primarily on farming, mining, fishing, tea harvesting, and rice cultivation. - Newly industrialized countries (NICs) have secondary and tertiary industries that make valuable contributions to their economies. Examples include countries in Southeast Asia. - Transnational corporations operate manufacturing facilities across multiple countries and their headquarters are typically located in wealthy nations.