Capital goods industry

It transforms semi-finished products done by heavy industry into finished goods and products for use in other industries.

Characteristics:

  • The most important raw materials they use are iron, steel and other metals produced by basic industry.
  • Construction materials, industrial and agricultural machinery, transport materials (airplanes, ships, trains…) , paper or aerospace are examples of this.
  • Transformation metallurgy and mechanical construction are very important, especially in states with a high standard of living: this includes railway material, car manufacture, etc.
  • A specialised chemical industry is only found in countries possessing advanced scientific expertise and research, i.e. mainly the United States, Western Europe, Russia and Japan.

Leave a Reply