Steel and iron are known as the backbone of modern industry because:
1. Almost everything is made of steel or iron, or has been made with tools and machinery off these metal.
2. Ships, trains, trucks and autos are made largely of steel or iron. Even the safety pin are made from steel or iron.
3. Minerals are mined with steel or iron equipments.
4. Large buildings have steel or iron framework.
5. Oil wells are drilled with steel or iron machinery.
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 30. How would you describe this industry?
Automation refers to any manufacturing process that uses computer controlled manufacturing. In industry, robotics is often referred to as automated manufacturing.
r u g@y? there not dumb a$$
A decrease in competition within an industry often results in one company holding a significant amount of economic power. For example, Comcast lacks competition and can therefore charge a lot for their service.
Time mean Busniess
The Pennines.
The Father of Modern Anatomy
Hades is often referred to as Hell by modern mistake.
"Modern theater" is often referred to as "modern drama." By definition, it is the development of drama from the beginning of the 20th century on.
Iraq is the modern name for an area often referred to in the Bible
The biggest industry within the automotive industry is the cars. And the three biggest companies within it are Ford, General Motors and Chrysler. There are often referred to as "The Big Three".
It's often referred to as a Menorah. In Israel its Modern Hebrew name is a Hannukiah.
Often referred to as the mutual fund industry, the open-end fund industry comprises about 95 percent of the mutual fund market
Oscars are a great set of awards in the Hollywood. We in Bollywood also have set of awards. The Filmfare awards are those awards.The Filmfare Awards have been often referred to as Hindi film industry's equivalent to the Oscars.
as a backbone
Calgary is often referred to as "Cowtown." Toronto is often referred to as "Hogtown." Hamilton is often referred to as Tigertown."
They were a group of people who made their lives by traveling. They were basically nomads.