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Learn what to do if you are bitten by bees and how to provide first aid. Stay safe and protect yourself from potential allergic reactions.
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Sto Source: Oriental Daily, 30 March, 2015
The organisedeffort of individuals to produce and sell, for a profit, the goods and services that satisfy customers’ and society’s needs.
Class Activity (1) – Group Discussion Have you ever bought any items from an auction or on-line shopping website? Have you ever called a taxi or van via mobile apps?
We approach drivers, ask them to sign up with us, and get them jobs via the app. We will take a percentage of their pay as commission. Using mobile apps and call centres as the device, customers are offered a more efficient way to call vans. The company is expanding to other Asian regions. SCMP, 13 October, 2014
eBay is a popular channel for auctioning collectibles and the company collects transaction fees based on a percentage of sales.
Providing employment opportunities • Satisfying consumers’ needs and wants by producing goods and providing services • Generating income for people and government • Promoting economic growth and raising people’s living standard
All activities that directly extract or utilisenatural resources in the process of production e.g. agriculture and fisheries, mining and quarrying
All process of turning raw materials into finished goods or semi-finished goods e.g. manufacturing; construction; and the supply of electricity, gas and water
All economic activities that provide services to business and consumers e.g. wholesale, retail and import/export trade; restaurants and hotels; transport, storage and communications; financing, insurance, real estate and business services
From the statistical tables, describe any observations and identify reasons for the trend of the three types of industry. • Write down your group’s observation on Worksheet (2) .
Insignificant and stable portion of primary industry • Shrinking manufacturing sector • A very high % of service industries • More construction work in recent years
lack of natural resources for primary production • manufacturing factories moved to Mainland China and other low-cost regions • more construction work because of more housing projects and infrastructure work in recent years • provide supporting and value-added services to companies transforming into a service-oriented economy
Under the existing industrial structure, what are the opportunities and potential risks to Hong Kong business?
Opportunities: • Develop various kinds of service to meet diverse market needs • Attract foreign investment in service sector such as banking and finance sector • Strengthen the provision of professional services such as accountancy, legal, marketing, etc. • Risks: • Lack of industrial diversification and over reliance on service industries, in particular, finance and property • Service industries are more vulnerable to other countries’ economic setback • Weak in research and development activities for secondary industries