Answer 1. 1. A primary industry is one that cultivates and exploits natural resources. such as agribusiness or excavation. A secondary industry takes the end products of primary industries and converts them to consumer and capital goods. Examples of secondary industries are fabrics and electronics. A third industry is in the service sector of the economic system. Examples of third industries are banking and instruction.
Answer 1. 2. A capital good is a lasting good that is used in production of goods or services Capital goods are acquired by a society by salvaging wealth which can be invested in the agencies of production. Persons. organisations and authoritiess use capital goods in the production of other goods or trade goods. Capital goods include mills. machinery. tools. equipment. and assorted edifices which are used to bring forth other merchandises for ingestion. Capital goods. so. are merchandises which are non produced for immediate ingestion ; instead. they are objects that are used to bring forth other goods and services. These types of goods are of import economic factors because they are the key to developing a positive return from fabricating other merchandises and trade goods.
Answer 1. 3. Generally production measure is reciprocally related to merchandise assortment. A mill that produces a big assortment of merchandises will bring forth a
smaller measure of each. A company that produces a individual merchandise will bring forth a big measure.
Answer 1. 4. Manufacturing capableness refers to the proficient and physical restrictions of a fabrication house and each of its workss. Three classs of capableness include technological processing capableness. physical size and weight. and production capacity.
Answer 1. 5. Polymers. ceramics and metals are three basic classs of stuffs.
Answer 1. 6. A determining procedure alterations the geometry of the work stuff ( machining or hammering ) . A surface processing operation does non change the geometry. but alternatively alters the belongingss and/or visual aspect of the surface of the work ( painting or plating ) .
Answer 1. 7. A determining procedure alterations the geometry of the work stuff ( machining or hammering ) . A surface processing operation does non change the geometry. but alternatively alters the belongingss and/or visual aspect of the surface of the work ( painting or plating ) .
Answer 1. 8. Batch production is where groups. tonss. or batches are processed together through the fabrication operations. All units in the batch are processed at a given station before the group proceeds to the following station. In a medium or low measure production state of affairs. the same machines are used to bring forth many types of merchandises.