heavy industry | steel works, ship building |
light industry | manufacturing car parts, tv sets |
manufacturing industry | making things, e.g. consumer goods |
service industry | serving people; e.g. tourism, banking |
high-technology | involving computers; e.g. software industry |
low-technology | involving little or no computer technology |
privatisation | e.g. selling off state railways to private companies |
nationalisation, state ownership | when industry is owned by the government (2) |
public-private partnership | partly state-owned, partly owned by private industries or businesses |
subsidies | money/grants which enable sth to stay in profit |
sweeteners | money/grants or tax benefits to encourage sb to open a factory/business |
inward investment | investment from foreign companies |
to be on piecework | to be paid only for the amount produced |
child labour | the employment of children to do adult jobs |
trade union representation | union that negotiates wages and conditions |
sweatshops | factories where people work very long hours for very low wages |
lame duck | weak business that loses money |
big multinationals | big companies with operations in many different countries |
cost-cutting exercise | effort ot reduce costs |
to relocate | to move the company's offices to a different place |
to switch production | to move the centre of manufacturing to a different place, often where labour is cheaper |
red tape | bureaucracy, i.e. governewmtn rules and regulations |
retraining and reskilling | training people for new jobs and teaching them new skills for things they have not done before |
black market | czarny rynek |
copyright infringement | łamanie praw autorskich |
industrial piracy | piractwo na skalę przemysłową |
industrial espionage | szpiegostwo przemysłowe |
money laundering | pranie brudnych pieniędzy |