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Encyclopedia > Light industry

Heavy industry does not have a single fixed meaning compared to light industry. In general, heavy industry is viewed as more capital intensive, as requiring a larger fixed facility, and as having a larger environmental impact than light industry. In politics a capital (also called capital city or political capital — although the latter phrase has an alternative meaning based on an alternative meaning of capital) is the principal city or town associated with its government. ...

Contents

Heavy Industry in Academia and Research

In the academic study of economics, heavy industries are often differentiated from light industries as heavy industries are capital intensive, and light industries are labor intensive. Light industries are easier to relocate than heavy industry, and can be built with less investment. Economics is the social science studying production and consumption through measurable variables. ...


This definition is not exclusive, however, as some sources refer to heavy industries as referring to the weight or volume of the products handled. The British Geographic Society, for example, listed several potential ways of measuring heavy versus light industry. One measure is the weight per cost of their products. For instance, one dollar buys more mass of steel or fuel than of drugs or textiles. Another is the weight of material handled per employee or the cost of materials as a proportion of gross value output. The dollar is the name of the official currency in several countries, dependencies and other regions (see list below), including the US dollar, the worlds most widely circulated currency (see list below). ... Steel framework Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... For information on the band, see Fuel (band). ... Many drugs are provided in tablet form. ... This article is about the type of fabric. ...


Heavy Industry in Law and Government

Heavy industry is often defined by governments and planners in terms of its impacts on the environment. These definitions concentrate on the seriousness of any capital investment required to begin production or of the ecological effect of its associated resource gathering practices and by-products. In these senses, the semiconductor industry is regarded as "heavier" than the consumer electronics industry even though microchips are much more expensive by weight than the products they control. In politics a capital (also called capital city or political capital — although the latter phrase has an alternative meaning based on an alternative meaning of capital) is the principal city or town associated with its government. ... Ecology can mean either: the natural environment, or an analysis or study using the principles and methods of ecological science. ... Semiconductor device fabrication is the process used to create chips, the integrated circuits that are present in everyday electrical and electronic devices. ... Consumer electronics is electronic equipment intended for use by everyday people. ... An integrated circuit (IC) is a thin chip consisting of at least two interconnected semiconductor devices, mainly transistors, as well as passive components like resistors. ...


Heavy Industry in Firm Names

In Asia, many conglomorates call divisions or companies responsible for capital-intensive manufacturing (shipbuilding, mining, industrial machinery) their "heavy industry" group. See for example, Mitsubishi Heavy Industry (http://www.mhi.co.jp/indexe.html) of Fuji Heavy Industry (http://www.fhi.co.jp/english/index.html)/


References

  • Morris Teubal, Heavy and Light Industry in Economic Development The American Economic Review, Vol. 63, No. 4. (Sep., 1973), pp. 588-596.
  • Some Definitions in the Vocabulary of Geography, IV, British Association Glossary Committee, The Geographical Journal, Vol. 118, No. 3. (Sep., 1952), pp. 345-346.

  Results from FactBites:
 
Heavy industry - Wikipedia, the free encyclopedia (397 words)
In general, heavy industry is viewed as more capital intensive, as requiring a larger fixed facility, and as having a larger environmental impact than light industry.
In the academic study of economics, heavy industries are often differentiated from light industries as heavy industries are capital intensive, and light industries are labor intensive.
Light industries are easier to relocate than heavy industry, and can be built with less investment.
Outline of the light industry report (2470 words)
Light industry in the Kyrgyz Republic was one of the country’s largest industrial sectors until the early 1990s.
With the collapse of the Soviet Union, light industry in the Kyrgyz Republic began to decline.
Light industry in the Kyrgyz Republic is engaged in an ongoing process of adaptation to meet changing domestic and external conditions.
  More results at FactBites »


 

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