Business Industry lecture-1

Business Industry lecture-1 - NJ Business &...

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Unformatted text preview: NJ Business & Industry Economic activity boils down to: roduction of food & availability of raw materials Processing & Manufacturing Services (more physical) Non-routine services (more mental) NJ agriculture, NJ mining: NJ agriculture, NJ mining:-- over $500 million in agricultural over $500 million in agricultural products products-- mining a major economic force into the mining a major economic force into the middle 19 middle 19 th th century century-- see earlier notes see earlier notes Mapping NJ, 2009 NJ early industry- iron ore- timber- glass Mapping NJ, 2009 Manufacturing- early development- later specialization related to:-- location-- experienced and diversified labor pool-- excellent transportation systems Most important to manufacturing are direct costs, including:- labor- raw materials- energy and fuel- water supply- waste disposal- cost of delivery to market Most important to services are direct costs, including:- acquisition and preparation of building site- building and movable equipment within it- local taxes- maintenance- utilities- administration apping NJ, 2009 1840- NJ industrial boom underway- 30% of work force in manufacturing jobs...
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This note was uploaded on 02/08/2011 for the course GEOGRAPHY 101 taught by Professor Vancura during the Spring '08 term at Rutgers.

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Business Industry lecture-1 - NJ Business &...

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