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An energy-consuming sector that consists of facilities and equipment used for producing processing or assembling goods |
Industrial Sector |
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Types of activity in Industrial Sector |
•manufacturing |
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Processing of agricultural products primary minerals production of final goods and manufacture of equipment and machinery |
manufacturing |
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Process of extracting useful minerals from the surface of the Earth including the seas; also known as the extractive industry |
mining and quarrying |
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Refers to the building of factories commercial and residential structures; include the building of new structures including site preparation as well as additions and modifications to existing ones |
construction |
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Production of electricity gas water and sanitary services |
Utilities |
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Types of Industries in the Philippines |
•Cottage Industries |
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few workers work at home small capital requirement |
Cottage Industries |
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5-199 employees bigger capital requirement use simple machines and equipment borrow money from financial institutions |
Small and Medium scale Industries |
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200 employees and above invest in plants for mass production use of complex machinery huge capital requirement |
Large-scale Industries |
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A period in the late 18th and early 19th centuries when major changes in agriculture manufacturing and transportation had a profound effect on socioeconomic and conditions in Britain and subsequently spread throughout Europe North America and the world |
Industrial Revolution |
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Economic growth characterized by the production of commodities particularly the manufacturing sector |
Industrialization |
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A coordinating agency for all government activities related to trade industry and investments and a regulatory body to create support progrrams for SMEs ensure benefits of economic progress reach the countryside and reinforce the country's competitive adv |
The Department of Trade and Industry |
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Protection of the domestic industry from any imported product priced less than its normal value |
Anti-Dumping Act of 1999 (RA 8752) |
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Ensure that prime commodities are at reasonable prices at all times |
Price Act (RA 7581) |
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Sets into place the procedures for the registration and grant of incentives to foreign investors |
Foreign Investment Act (RA 8179) |
