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 | |