Secondary Economic Activities - Manufacturing

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15 Terms

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Light industry

Uses light raw materials, e.g. Apple

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Heavy Industry

Uses heavy machinery and heavy or bulky raw materials, e.g. Aughinish Alumina, Co. Limerick

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Footloose Industry

Not tied to a particular location and can move easily.

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Multinational Corporations (MNC)

Has its headquarters in one country and factories (branch plants) or offices in other countries, e.g. Apple.

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Industrial Estate

Dedicated area for factories located on the outskirts of a town or city.

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Industrial Inertia

When an industry stays in a location even though it would make better business sense to move somewhere else.

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Greenfield Site

A location where nothing has been built before.

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Serviced Land

There's enough land to build and has services a factory needs, such as electricity, water and telecommunications.

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Labour supply

Workers a factory needs.

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Capital

Industry will locate near banks, investors and the government because this makes it easier to access capital.

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Raw Materials

To reduce transport costs, a factory must locate close to the source of raw materials, especially if they are very bulky.

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Transport Facilities

Allows a factory to have raw materials and finished products shipped as cheaply and quickly as possible.

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Market

If a factory produces a finished product that is perishable, or bulky, then it will locate close to the market.

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Government Policy

The Industrial Development Agency (IDA) is a government body that provides incentives to companies to locate in Ireland.

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The European Union (EU)

Developed services, communications and transport links encouraged industry in Ireland.