A ‣ Industries and industrial practices 
expression | explanation opposite | expression | explanation |
heavy industry | e.g. steel works, shipbuilding | light industry | e.g. manufacturing car parts, TV sets |
manufacturing industry | making things, e.g. consumer goods | service industry | serving people, e.g. tourism, banking |
high-technology (hightech; informal) | involving computers, e.g. software industry | low-technology (lowtech; informal) | involving little or no computer technology |
cutting-edge technology | involving new and innovative technology | conventional technology | using standard, proven technology |
privatisation | e.g. selling off state railways to private companies | nationalisation / state ownership | when industry is owned by the government |
Many big industries are run as public-private partnerships. [partly state-owned, partly owned by private industries or businesses]
The nuclear industry receives a huge subsidy from the government. [money/grants which enable it to stay in profit]
The government tries to encourage inward investment. [investment from foreign companies]
B ‣ Industrial practices 
example | explanation |
Most of the factory workers are on piecework. | they are only paid for the amount they produce |
Many people now work on zero hours contracts, which means they have no job security. | they are employed by a company, but the number of hours they work each week may vary, and some weeks there may be no work for them, so they receive no pay |
Child labour is a serious problem in some countries. | the employment of children to do adult jobs |
In many countries, the right to trade union representation has only come after long struggles. | a union that negotiates wages and conditions for the people it represents |
Many cheap electrical goods are produced in sweatshops in poorer countries. | factories where people work very long hours for low wages |
Retraining and reskilling are necessary when an economy is modernised. | training people for new jobs and teaching them new skills |
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, less commonly, production) to a different place
4 move the centre of manufacturing to a different place
5 parts
6 put together