Industry

1. Elements

1.1. raw materials: these are natural resources that are transformed by an industrial process into finished products or intermediate goods.

1.2. Energy source: these are the forces obtained from nature.

1.3. Labour: this is the activity carried out by workers and professionals in exchange for a salary

1.4. Capital: to make the industrial activity possible, businesses must invest in their production sites and in the manufacture and marketing of products.

1.5. Technology: this is all the equipment and material needed for production, as well as the knowledge needed to use them.

1.6. The organisation of the company: The company needs to be organised and managed well to obtain quality products at an affordable price.

2. Types

2.1. The intermediate goods industries make products that are not consumed directly but are used as a raw materials for other industries (heavy industry).

2.2. The consumer goods industries produce products to be sent directly to the market and to consumers. This type of industry s sometimes referred to as light industry.

3. Types of Company

3.1. Size

3.1.1. small, up to 50 employees

3.1.2. Medium, 51 to 250 employees

3.1.3. Large, more than 250 emoployees

3.2. Organisation

3.2.1. Private or limited liability company, if the company belongs to one or more owners

3.2.2. Public limited company, if the company is owned by shareholders

3.3. Origin of the capital

3.3.1. Public, when the capital comes from the State

3.3.2. Private, when the capital and management are in the hands of one ore more indviduals