A. Industries and industrial practices
Many big industries are run as public-private partnerships.
The nuclear industry receives a huge subsidy from the government.
The government tries to encourage inward investment.
B. Industrial practices
The big multinationals1 often close factories as a cost-cutting exercise2 and relocate3 and switch production4 to countries where labour and costs are cheaper.
In many cases, components5 for cars are imported and then assembled6, rather than manufactured in the country.
- 1 big companies with operations in many different countries
- 2 effort to reduce their costs
- 3 move the company’s offices (or production) to a different place
- 4 move the centre of manufacturing to a different place
- 5 parts
- 6 put together
|
Bình luận