What is The Meaning of Industry and Trade?
2 Factors for establishing industry
3 Trade Industry and trade
When we say industry, we mean by that the economic sector and the extractive industries, in addition to the transformational ones, and currently it includes providing a set of services or products for a certain profit, and an example of it is the banking industry, bearing in mind that the origin of the industry is the process of converting raw materials into a specific product or service that people benefit from.
So that the conversion takes place technically within any of the fields, such as tissues, food, engines, tools, etc., and this industrial revolution began after the year 1800 AD; As a result of the technical development that took place during this era and continued to this day, and was reflected in the industry and other related fields.
The establishment and development of the industry depends on a number of factors, including the following:
Natural factors: including the following:
*. Geographical location Here, factories must be built in an area far from the population, and close to the sources of raw materials.
*. Climatic conditions. There are certain industries that require a humid climate, for example, such as textiles and spinning, and others that require cold temperatures, and so on. Also, attention must be paid to the direction of the wind so that it is not similar to the direction of smoke rising from factories.
*. The surface characteristics are that the factory floor is flat.
*. Availability of the raw materials needed for the industry and the energy sources on which the factory will depend.
Trade is defined as a voluntary exchange of services and goods, one or both, in a place called the market, which is currently not limited to a small place that includes the customer and the merchant; Rather, it went beyond that to include a large place and a large number of people, in which the price is negotiated, such as the possibility of paying it directly, by installments, or deferring it for a certain time, and payment is by cash or checks and other various forms of payment that currently exist, in contrast to the old trade, which was a The process of exchanging one commodity for another.
The linguistic signifier
The meaning of the word trade is limited to the flipping of money with the aim of profiting from it, and the word from the chapter of the verb “ra” is “dragged” or “drag” depending on the first part of the surrounding dictionary. different at a cheap price, and sell them at a more expensive price.
As for the concept of trade legally, it includes a group of sectors, specifically economic, and the conversion of different products from their initial state as raw materials to a specific product; with the aim of selling it, and this is called the manufacturing industry, and trade here includes a group of activities related to industry and land and sea transport operations in addition to banks, brokerage and insurance, as well as agencies.