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The service sector is the third of the three economic sectors of the three-sector theory. The others are the secondary sector, and the primary sector.
In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory which describes the role of manufacturing. It encompasses the industries which produce a finished, usable product or are involved in construction.
Manufacturing is the production of products for use or sale, using labor and machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products, or distributed via the tertiary industry to end users and consumers.
Dobro is an American brand of resonator guitars, currently owned by Gibson and manufactured by its subsidiary Epiphone. The term "dobro" is also used as a generic term for any wood-bodied, single-cone resonator guitar.
Methaqualone is a sedative and hypnotic medication. It was sold under the brand names Quaalude and Sopor among others, which contained 300mg of methaqualone, and sold as a combination drug under the brand name Mandrax which contained 250mg methaqualone and 25mg diphenhydramine within the same tablet, though mostly in Europe. Commercial production of methaqualone was halted in the mid 1980s due to widespread abuse and addictiveness. It is a member of the quinazolinone class.
Automation is the technology by which a process or procedure is performed with minimal human assistance. Automation, or automatic control, is the use of various control systems for operating equipment such as machinery, processes in factories, boilers, and heat-treating ovens, switching on telephone networks, steering, and stabilization of ships, aircraft, and other applications and vehicles with minimal or reduced human intervention.
Just-in-time (JIT) manufacturing, also known as just-in-time production or the Toyota Production System (TPS), is a methodology aimed primarily at reducing times within the production system as well as response times from suppliers and to customers. Its origin and development was mainly in Japan, largely in the 1960s and 1970s and particularly at Toyota.,
Lean manufacturing, or lean production, is a production method derived from Toyota's 1930 operating model "The Toyota Way". The term "Lean" was coined in 1988 by John Krafcik, and defined in 1996 by James Womack and Daniel Jones to consist of five key principles; 'Precisely specify value by specific product, identify the value stream for each product, make value flow without interruptions, let customer pull value from the producer, and pursue perfection.'
Industry may refer to:
Good manufacturing practices (GMP) are the practices required in order to conform to the guidelines recommended by agencies that control the authorization and licensing of the manufacture and sale of food and beverages, cosmetics, pharmaceutical products, dietary supplements, and medical devices. These guidelines provide minimum requirements that a manufacturer must meet to assure that their products are consistently high in quality, from batch to batch, for their intended use. The rules that govern each industry may differ significantly; however, the main purpose of GMP is always to prevent harm from occurring to the end user. Additional tenets include ensuring the end product is free from contamination, that it is consistent in its manufacture, that its manufacture has been well documented, that personnel are well trained, and that the product has been checked for quality more than just at the end phase. GMP is typically ensured through the effective use of a quality management system (QMS).
The Rust Belt is a region of the Northeastern and Midwestern United States that has been experiencing industrial decline starting around 1980. It is made up largely of the Great Lakes Megalopolis, though definitions vary. Rust refers to the deindustrialization, economic decline, population loss, and urban decay due to the shrinking of its once-powerful industrial sector, such as steel, automobile, and coal-mining Jobs. The term gained popularity in the U.S. in the 1980s.
3D printing, or additive manufacturing, is the construction of a three-dimensional object from a CAD model or a digital 3D model. The term "3D printing" can refer to a variety of processes in which material is deposited, joined or solidified under computer control to create a three-dimensional object, with material being added together, typically layer by layer.
Dunlop Tyres is a brand of tyres which is managed by different companies around the world. Founded by pneumatic tyre pioneer John Boyd Dunlop in Dublin, Ireland, in 1890, the brand is operated by Goodyear in North America, Europe, Australia and New Zealand.
Madras Rubber Factory (MRF) is an Indian Multinational high grade quality tyre manufacturing company and the largest manufacturer of tyres in India, also the sixth largest manufacturer in the world. It is headquartered in Chennai, Tamil Nadu, India. The company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. MRF also runs the MRF Pace Foundation, Chennai and MRF Challenge in motorsport.
Industrial engineering is an engineering profession that is concerned with the optimization of complex processes, systems, or organizations by developing, improving and implementing integrated systems of people, money, knowledge, information, equipment, energy and materials.
The United Kingdom, where the Industrial Revolution began in the late 18th century, has a long history of manufacturing, which contributed to Britain's early economic growth. During the second half of the 20th century, there was a steady decline in the importance of manufacturing and the economy of the United Kingdom shifted toward services. Manufacturing, however, remains important for overseas trade and accounted for 44% of goods exports in 2014. In June 2010, manufacturing in the United Kingdom accounted for 8.2% of the workforce and 12% of the country's national output. The East Midlands and West Midlands were the regions with the highest proportion of employees in manufacturing. London had the lowest at 2.8%.
Manufacturing in the United States is a vital sector. The United States is the world's third largest manufacturer with a record high real output in Q1 2018 of $2.00 trillion well above the 2007 peak before the Great Recession of $1.95 trillion. The U.S. manufacturing industry employed 12.35 million people in December 2016 and 12.56 million in December 2017, an increase of 207,000 or 1.7%. Though still a large part of the US economy, in Q1 2018 manufacturing contributed less to GDP than the 'Finance, insurance, real estate, rental, and leasing' sector, the 'Government' sector, or 'Professional and business services' sector.
Make in India is an initiative by the Government of India to encourage companies to manufacture in India and incentivize dedicated investments into manufacturing. The policy approach was to create a conducive environment for investments, develop a modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement, and aimed "to transform India into a global design and manufacturing hub."
A COVID‑19 vaccine is any of several different vaccine technologies intended to provide acquired immunity against coronavirus disease 2019 (COVID‑19). Previous work to develop a vaccine against the coronavirus diseases SARS and MERS established knowledge about the structure and function of coronaviruses, which accelerated development during early 2020 of varied technology platforms for a COVID‑19 vaccine.
Operation Warp Speed (OWS) is a public–private partnership initiated by the U.S. government to facilitate and accelerate the development, manufacturing, and distribution of COVID-19 vaccines, therapeutics, and diagnostics. The first news report of Operation Warp Speed was on April 29, 2020, and the program was officially announced on May 15, 2020.
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