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Manufacturing involves using machines, tools, and labor to produce goods for use or sale. It includes a wide range of consumer goods like textiles, chemicals, and engineering products. Manufacturing is considered a secondary industry and describes the production process in factories and industrial plants. While modern manufacturing tools driven by computers have advanced production, they have also led to increased unemployment as human labor is replaced. Manufacturing provides revenue to governments and benefits communities by creating jobs and satisfying customers. It can take place under different economic systems but typically aims to mass produce goods for profit under free markets or state planning in collectivist systems.
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This document provides an overview of economics, including the key concepts of economic activity, factors of production, economic sectors, and economic systems. It discusses that economic activity involves production, distribution, and consumption of goods and services to meet people's needs. The main factors of production are natural resources, labor, capital, and technology/expertise. Economies are divided into the primary, secondary, tertiary, and now quaternary sectors. Finally, it outlines the main economic systems of subsistence, capitalism, planned economies, and alternative models.
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Definition:
Business is an economic activity involving the regular production or distribution of goods and services with the objective of earning profits through the satisfaction of human wants.
Types of business:
1.Service
2.Manufacturing
3.Trade
Service
Service industry is the major type of business running in India. Examples – entertainment, consultancy, banking, telecommunication, call centres, KPO, etc.Service is different from manufacturing and trading of goods.
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In manufacturing, the items are produced using raw materials with the help of different engineering process and technologies. Other business depend on manufacturing. Hence it is very important. Example- machines, automobiles, stationary, etc.
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These enterprises are concerned with the distribution of products i.e. sale of products , distribution, transfer, exchange of goods to business houses as well as consumers. Trading enterprises may be found operating in form of :
Wholesale
Retail
Import and export
Investment trusts, etc.
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Automobile
Cement
Chemicals
Pharmaceuticals
Engineering goods
Jute
Iron and steel
Village industries
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Rubber & leather products
Small scale industries
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Tea
Textile
Agro based
Food based
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Design
Manufacture
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Civil
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Industrial
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Mechanical
Chemical
Process Industry
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Examples:
Wood and wooden products
Chemicals
Paper
Textile
Coal
Rubber
Plastics, etc.
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Textile industry deals with design and manufacturing of clothing products. Indian textile industries are one of the leading in the world. It includes following sectors:
Cotton
Jute
Sericulture
Wool and woollen
Man made fibre/ filament yarn
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Types Of Business
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Business is an economic activity involving the regular production or distribution of goods and services with the objective of earning profits through the satisfaction of human wants.
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Service industry is the major type of business running in India. Examples – entertainment, consultancy, banking, telecommunication, call centres, KPO, etc.Service is different from manufacturing and trading of goods.
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In manufacturing, the items are produced using raw materials with the help of different engineering process and technologies. Other business depend on manufacturing. Hence it is very important. Example- machines, automobiles, stationary, etc.
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These enterprises are concerned with the distribution of products i.e. sale of products , distribution, transfer, exchange of goods to business houses as well as consumers. Trading enterprises may be found operating in form of :
Wholesale
Retail
Import and export
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Trade
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Cement
Chemicals
Pharmaceuticals
Engineering goods
Jute
Iron and steel
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Petrochemical
Rubber & leather products
Small scale industries
Sugar
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Handicrafts, etc.
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Wood and wooden products
Chemicals
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Textile
Coal
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Plastics, etc.
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Oracle, etc.
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Economy and Economic Systems - Flipped Lesson
This document provides an overview of economic concepts and systems. It defines key terms like economy, gross domestic product, literacy rate, and types of industry. It also explains the characteristics of different types of economic systems, including free enterprise economies where private individuals and companies make most decisions, socialist economies where the government provides services to citizens, and communist economies where the government controls property and the means of production.
Learn Free Flow Of Market Economy.pdf
A market economy allows the free flow of goods and services based on supply and demand. Key aspects include Adam Smith's concept of the invisible hand allocating resources efficiently, and businesses determining production levels based on customer demand. While market economies can drive innovation, they also face disadvantages like environmental damage and inequality without government intervention. Overall, a market economy decentralizes economic decisions to individual producers and consumers in pursuit of equilibrium.
Learn Free Flow Of Market Economy.pdf
Learn Free Flow Of Market Economy
A market economy is the free flow of products and services based on supply and demand in the market.
Adam Smith famously coined the concept of the "invisible hand." The invisible hand is the power to allocate resources to production based on supply and demand automatically. Under a market economy, we answer the following questions:
Wajid khan asks What do you produce? We need to have the goods that are in the highest demand. How should it be made? Companies can maximize their profits by improving the quality of their products. Improving quality allows companies to charge higher prices.
Who should you produce for? Businesses must have customers willing to pay for their goods and services. Environmental sustainability is only sometimes included in these conversations. Read how economic power and investment are helping create a more sustainable planet.
What Is A Market Economy?
A market economy is an open economy that allows the free flow of goods and services between producers and consumers based on supply and demand. Wajid khan Mp discusses In a market economy, economic decisions are regulated by the market itself, which constantly finds ways to restore equilibrium.
What do you mean? As industry prices rise due to increased consumer demand, the labor required to produce more output increases proportionately. In this way, producers supply products that meet consumer demand. On the other hand, competitiveness keeps prices at a moderate level, which increases consumption in the long run—an economic system based on supply and demand. The quantity of product produced is determined by supply and demand.
Type Of Economy
There are four types of economies: a traditional economy, a command economy, a market economy, and a mixed economy. A market economy is a system in which economic decisions are made based on supply and demand in the market. The market determines what goods and services are produced, how much is created, and the price of the goods.
In a free market economy, resources are owned by individuals, and individuals rather than governments determine the allocation of resources. No political economy in the world has been recognized as a 100% free market.
Market Theory
A market economy uses the forces of supply and demand to determine the price and quantity of goods and services needed in the market. Entrepreneurs produce products or provide services that they sell to other consumers. Buyers and sellers must agree on terms of trade based on consumer preferences for the price of goods and services.
Profit determines the allocation of resources to various business and production processes the entrepreneur wants to make by producing a product or service that is more valuable than others for the customer. Successful entrepreneurs are given income that can be reinvested in their future businesses.
Modern Market Economy
Most modern world economies are between a pure market economy and a thoroughly planne
Mineral Water
New promotional products like portfolios, pens, gifts, and memo pads are now available. Proto-industry involved manufacturing goods for trade, dominated by guilds offering support. The industrial revolution led to large-scale factories using steam power, later electricity, and mechanized assembly lines to mass produce goods efficiently. Some industries have declined due to new technologies or lost competitive advantages, and manufacturing has shifted to cheaper locations through offshoring.
Industrial History
New promotional products like portfolios, pens, gifts, and memo pads are now available. Proto-industry involved manufacturing goods for trade, dominated by guilds offering support. The industrial revolution led to large-scale factories using steam power, later electricity, and mechanized assembly lines to mass produce goods efficiently. Some industries have declined due to new technologies or lost advantages, and manufacturing has shifted to cheaper locations through offshoring.
Industrial History 1
New promotional products like portfolios, pens, gifts, and memo pads are now available. Proto-industry involved manufacturing goods for trade, dominated by guilds offering support. The industrial revolution led to large-scale factories using steam power, later electricity, and mechanized assembly lines to mass produce goods efficiently. Some industries have declined due to new technologies or lost competitive advantages, and manufacturing has shifted to cheaper locations through offshoring.
Manufacturing, Import & Export - Comparision between USA & India ppt
In this paper & presentation, I have cover Manufacturing and its content, Import, and export in the USA and then comparing the USA vs India on Manufacturing, imports, & exports etc.
topic 7 -group presentation assignment 8 v1.pptx
Capitalism refers to an economic system where private individuals and corporations, rather than the state, own and control production. The current global economy is largely capitalist. Under capitalism, corporations pursue profit above all else through relentless economic growth and competition. This has led to several problems, including overproduction, wealth inequality, environmental degradation, and the abuse of animals and humans for profit. Utilitarian ethics, which focuses on maximizing overall well-being, provides both advantages of economic growth through consumerism but also disadvantages like overconsumption, pollution, and stress on workers and the public.
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Griffin chap01 business_notes - itb - ayesha aman - Economics
Griffin chap01 business_notes - itb - ayesha aman - Economics
Manufacturing, Import & Export - Comparision between USA & India ppt
Manufacturing, Import & Export - Comparision between USA & India ppt
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Acid base
Svante Arrhenius developed an acid-base theory based on the work of Jacobus Henricus van 't Hoff and Wilhelm Ostwald. According to Arrhenius' theory, acids are substances that increase the hydrogen ion (H+) concentration in aqueous solutions, while bases increase the hydroxide ion (OH-) concentration. Arrhenius proposed that acids and bases neutralize each other through reactions that produce water and a salt. His theory provided a simple chemical definition of acids and bases that explained many of their characteristic properties and reactions.
Physics
Power is defined as the rate at which work is done or energy is converted. It is measured in watts, which is equal to one joule per second. The formula for average power over a period of time is the amount of work done divided by the duration of the period. Power in mechanics is the product of the force applied to an object and the object's velocity.
Chemistry
Svante Arrhenius developed an acid-base theory based on the idea that acids increase the concentration of hydrogen ions (H+) in water while bases increase the concentration of hydroxide ions (OH-). According to his theory, when an acid and base are mixed in water, they neutralize each other by reacting to form a salt and water. Arrhenius provided examples of common acids and bases donating H+ or OH- ions in water to support his theory.
ICT
The document describes a simple flowchart for caring for a cat. It starts with asking if you should give the cat some food. If yes, it then checks if you can find a window or door to let the cat outside. If found, it has you open the window/door, take the cat outside, and then close the window/door once finished. If a window or door cannot be found, it stops the process.
English
1) The document is a letter from Irene to her friend Kania describing a basketball tournament she attended where Marsudirini High School defeated SMA Penabur High School in the finals.
2) The document also contains Irene's proposed itinerary for a one week trip to Jakarta, Indonesia where she plans to visit popular tourist attractions like Monas, Ancol Beach, Ragunan Zoo, and Taman Mini Indonesia Indah.
3) On her last day, Irene plans to have lunch at an old town area before returning to the airport to fly home.
Bahasa Indonesia
Cerita ini menggambarkan Jakarta pada tahun 1950-an ketika Pramoedya Ananta Toer pertama kali menginjak kota tersebut. Tulisan ini menceritakan latar belakang sosial masyarakat Jakarta pada masa lalu yang belum terlalu maju.
History
1. The document summarizes the early cultures that influenced Indonesia, including the Bacson Hoabinh tools from 600 BC, Dongson bronze culture from Vietnam, and India's cultural impacts starting around 1-5 AD.
2. Dongson culture brought bronze tools to Southeast Asia and is seen in the similarities between artifacts found in Vietnam and Indonesia, like nekara drums.
3. India's culture and religions like Hinduism and Buddhism spread through Indonesia starting around 1-5 AD, as shown through kingdom systems, language, art, and religious artifacts found throughout the archipelago.
Sociology
Poverty is derived from the word "poor" and means having a lack of wealth and resources. There are several key causes of poverty discussed in the document. Population growth rate contributes if the increasing population is not matched by sufficient economic opportunity. Low education levels mean fewer skilled workers. High unemployment and underemployment occur when the labor force exceeds available jobs. A lack of social support structures and government assistance also exacerbate poverty conditions.
Chemistry
1) Svante Arrhenius developed the Arrhenius theory of acids and bases which states that acids are substances that produce hydrogen ions (H+) in water and bases are substances that produce hydroxide ions (OH-) in water.
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- 1. Manufacturing industry Irene Grade 10
- 2. Manufacturing industry. Manufacturing is the use of machines, tools and labor to make things for use or sale. Also it can be used for selling things. Manufacturing industries produce a wide range of consumer goods, such as textiles, chemicals, engineering products.
- 3. Secondary industry. • secondary industry is involved manufacture. • secondary industry is used to describe the process of production in mills, factories, and other industrial plants.
- 4. The development of manufacturing industry… His developments are very advanced, in many companies today have many uses modern tools that are only in control with a computer. but the negative side of human labor is not needed anymore, so more and more unemployment.
- 5. The role of manufactury industry… Provide revenue to the state, providing welfare to the community,create something, make the customer satisfied.
- 6. System manufacturing industry.. Manufacturing takes turns under all types of economic systems. In a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In free market economies, manufacturing occurs under some degree of government regulation. Modern manufacturing includes all intermediate processes required for the production and integration of a product's components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead.