Secondary economic activity

• What are secondary economic activities?

  Activities involving making or manufacturing something
• What is the system of secondary economic activities?

  A system of inputs, processes, and outputs
• What are the components of the system in secondary economic activities?

  Inputs, processes, and outputs
• What do inputs refer to in secondary economic activities?

  Things needed at the start of production
• What are processes in the context of manufacturing?

  Actions taken to transform inputs into products
• What are outputs in secondary economic activities?

  Products ready for the market
• What are the factors influencing the location of a factory?

  • Raw materials
  • Markets
  • Labour force
  • Services
  • Transport
  • Government policy
• Why must factories consider raw materials when locating?

  To reduce transportation costs and ease access
• What is the importance of transport facilities for factories?

  To transport finished products to markets
• Why do factories locate near markets?

  To lower transportation costs and increase speed
• What is the role of the labour force in factory location?

  Availability of workers for production
• How does government policy influence factory location?

  Through tax breaks and incentives for companies
• What is the corporation tax rate in Ireland?

  12.5 percent
• What is industrial inertia?

  When an industry does not relocate despite economic reasons
• What characterizes light industry?

  Products being small and light
• What are footloose industries?

  Industries not tied to a specific location
• What are industrial estates?

  Sites set aside for industries at urban edges
• Why are industrial estates attractive to companies?

  They offer cheaper land and high-level services
• What is the function of a manufacturing industry?

  To change raw materials into desired products
• What conflicts may arise from industrial development?

  Conflicts between factory owners and local inhabitants
• What are the positives of incinerators?

  They provide sustainable waste management solutions
• What are the negatives of incinerators?

  Fumes can be poisonous and carcinogenic
• What is a multinational corporation (MNC)?

  A company with branches in multiple countries
• How has globalization affected MNCs?

  It makes it easier for companies to move internationally
• What is the role of the Industrial Development Authority (IDA)?

  To attract companies to set up in Ireland
• What is the significance of personal preferences in factory location?

  Some people prefer to set up factories in familiar areas
• What is the relationship between industrial estates and services?

  Industrial estates provide essential services for factories
• What is the impact of government grants on factory location?

  They encourage companies to set up in specific areas
• What is the importance of transport facilities for factories?

  They facilitate the movement of goods to markets
• How does the location of a factory affect its operational efficiency?

  Proximity to resources and markets reduces costs
• What is the significance of the labour force in factory location decisions?

  Availability of skilled workers influences location
• What is the role of markets in factory location?

  Factories locate near markets to reduce transport costs
• How do personal preferences influence factory location?

  Some owners prefer familiar areas for factories
• What is the impact of industrial inertia on factory relocation?

  It prevents relocation despite economic benefits
• What are the environmental concerns associated with incinerators?

  They may emit harmful fumes and pollutants
• What is the significance of the corporation tax rate in attracting MNCs?

  A low rate attracts foreign investment
• How do incinerators contribute to sustainable waste management?

  They reduce landfill use and generate energy
• What is the relationship between industrial development and sustainability?

  Conflicts may arise due to environmental concerns
• What is the role of the Industrial Development Agency (IDA) in Ireland?

  To attract and support industries in Ireland
• What is the significance of multinational corporations (MNCs) in Ireland?

  They contribute to the economy and employment