Industry and trade

The government's support

When we say industry, we mean the economic sector and extractive industries, in addition to the conversion of them, and currently includes the provision of a range of services or products for a certain profit, for example the banking industry, the origin of which is the conversion of raw materials into a particular product or service that benefits people.

This industrial revolution began after 1800, as a result of the technical development that took place during this era and continued to this day, and reflected on industry and other areas associated with it.

Factors for industry

The development and development of industry depends on a combination of factors, including:

• Natural factors:
  • Geographical location and here factories must be built in an area far from the population, close to the sources of raw materials.
  • Climatic conditions, there are certain industries that require the climate to be humid, such as textiles and yarn, others that require cold temperatures and so on, and attention should be paid to the direction of the wind so that it is not similar to the direction of smoke rising from factories.
  • The characteristics of the surface are that the factory floor is flat.
  • Availability of raw materials for industry and energy sources on which the plant will depend.

Trade

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 trader;

Linguistic significance

The meaning of the word trade is limited to the flipping of funds for profit from it, and the word is a matter of opinion of the act, depending on the first part of the surrounding dictionary, and Ibn Khaldun defined it in his famous introduction as the process of earning to grow and increase money, by buying various goods at a cheap price, and selling them at a higher price.

Legal significance

With regard to the concept of legal trade, it includes a range of sectors specifically economically, and the conversion of different products from their initial state as raw material to a particular product; for sale, these are called manufacturing, and trade here includes a range of industry-related activities, land and sea transport operations as well as banks, brokerage and insurance, as well as agencies.