Industrial activity is very important in the international economy, and so they should clearly explain what their characteristics

It is undeniable that today the industry has a huge weight on the economy internationally, and therefore it is necessary to explain what onsite industry and what activities can be included in it.

Industry concept

Despite the many connotations that you may have been given to the concept of industry , in a strict sense includes only the processing of natural resources and production of various goods. We must also distinguish industrial activity craft held in small workshops in the previous phases of industrialization. In front of the craft, the industry becomes larger quantities of raw materials, and also requires high and varied energy resources.

To all this must be added the fact that it employs a large number of skilled workers and a considerable division of labor. It also requires heavy capital investment. However, although this definition excludes the mining industry is and have always been closely related. Industry has presented throughout history a clear trend of increasing and rationalizing production, thereby reducing costs and gain greater market share. These strategies require the existence of an organization called industrial company, which is not the same as setting or factory.

industry_parts

* The industrial company is the legal and economic unit of production in establishing the combination of labor and capital for the production of industrial goods. Each company may have one establishment or more.
* The factory or establishment is the unit production technique. It is the basic element of industrial activity while integrating two different concepts that are of industrial sector and the industrial system: the industry is all set of industries involved in the same or similar production. For its part, the industry system is a geographical concept, integrating all the factories that are over a territory and maintaining related.

Classification of industrial activities

Industrial activity has been the subject of several classifications that seek to achieve a greater understanding of the phenomenon. Among the criteria used can differ depending on the classification of the company that owns the company, depending on the purpose of industrial production, depending on the size and complexity of the process, or depending on the technology involved in the production.

Classification according to the proprietor of the industry

The company is the legal expression of industrial activity, and depending on the type of company that owns the industry, the industry include:

Public: Those that depend on the state.
Private: If you are managed by one or more individual entrepreneurs.
Mixed: If you combine both forms of management.

Classification according to the purpose of production

Depending on the purpose of industrial production can differentiate between:

Capital goods industries: Those industries that produce the elements essential to the performance of other industrial productions (intermediate or industrial machines).
Consumer goods industries: those that manufacture products directly for consumption, such as food or textiles.

Classification based on the size of the facility and the complexity of the processes

A third classification refers to the dimension of the installation and the complexity of the production process, and in this case the difference between:

Heavy industries: Heavy industries are based or that handle large amount of raw materials to manufacture finished products used in industry, such as steel industries.
Light Industry: Light industries or processing is less bulky that transform resources to, for the most part, produce products for direct consumption by the population, such as textiles and electronics industries.

Classification by technology

According to its technology and its influence on economic growth can talk about:

Mature industries: mature industries are already obsolete and are in the process of conversion.
Leading industries: industries are subject to a high rate of growth and expansion, as today’s microelectronics.

Conclusion

The complexity of the industry and its importance in today’s economy requires a huge effort to summarize their characteristics and explain their importance.