Concept of industry:
Economic unit is organized with the purpose of obtaining economic goods to satisfy individual and collective needs of other economic units, to participate actively or passively in the economic process of an economy, and its object is to obtain profits in order rational and modern capitalization.
Concept of industrialization:
Industrialization is the process of experiencing a given economic area, understanding the process of industrialization as the ratio of relative changes by means of industrial production and total production.
Industrial Economics.
The industrial economy is a branch of applied economic science, which studies the laws that govern the training and technology that govern the industry.
Degree of industrialization:
The percentage of industrial production on the total economy, as measured by value added.
Industrial diversification:
It refers to the different goods that can be produced by the industry a country, its classes are:
1. Horizontal Diversification involves the production of a greater number of manufactured goods.
2. Vertical Diversification involves the production of goods produced by industry.
Industrial:
What is the process of industrialization in relation to horizontal and vertical diversification, for example, the tissue is more dense as it is more diversified.
Effects forward:
Refers to the direct or indirect effects caused by the industrialization process on investment, employment, income and GDP of other economic sectors which use manufactured goods.
Back effects:
Refers to the direct or indirect effects caused by the industrialization process on investment, employment, income and GDP of other economic sectors, especially primary and those who provide goods or resources to the industrial sector.
Industrial integration:
It is orderly and planned process of industrialization in a given economic area, which aims to achieve a diversified industrial and effects back and forth diversified.
Horizontal industrial integration:
It refers to the industrial integration as a link in the horizontal, different links in other branches.
Vertical industrial integration:
It refers to the industrial integration as a link in vertical diversification.
Radial or full industrial integration:
It refers to industrial planning or industrial sector of an economy in a manner consistent with the development of other economic sectors.
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