Industrial goods can be categorized into three main types: raw materials, manufactured materials and parts, and capital goods. Raw materials include basic substances like metals, chemicals, and agricultural products used in production. Manufactured materials and parts are components, such as engines or electronic parts, that are used in creating finished products. Capital goods refer to durable items like machinery and equipment that facilitate production processes.
The industrial revolution created three types needs and desires namely,consumer goods, appliances, and jobs.
They served as large markets for European industrial goods
More goods were made
By agents
An industrial good is a product used in the production of other goods or services, rather than for direct consumer consumption. These goods are typically purchased by businesses, manufacturers, or organizations to support their operations, such as machinery, tools, raw materials, and equipment. Industrial goods can be categorized into three main types: materials and parts, capital items, and supplies and services. They play a crucial role in the supply chain and are essential for various industries.
The industrial revolution created three types needs and desires namely,consumer goods, appliances, and jobs.
1.) Producer to industrial user. This is direct channel for industrial commonly used by manufacturers o large installations like generators.
Consumer goods are for sale as is to the public. Industrial goods require finishing.
West African countries must import more industrial goods than they export in natural products.
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
Practically all the industrial goods and products from all the world.
They served as large markets for European industrial goods
crude intergrated hardened
more goods were made
consumer goods are commodities which satisfy wants directly
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators