Industrial Sector
Offers a variety of products
Objectives:
1. Identify the role of the industrial
sector in maintaining a vibrant
economy
2. Learn about the varieties of
industrial activities in the Philippines
3. Assess the readiness of the country
in using modern production
technologies
4. Examine institutions and programs
that help the industrial sector
Understanding the concept
- Industrial sector processes raw
materials from the agricultural
sector. This sector consists of the
following subsectors: construction,
manufacturing, mining, electricity,
gas, and water.
Terms to remember
● Industry- is the process of producing
goods by using machinery and
factories
● Industrialization- is the
transformation from a primarily
agricultural society into one based
on the manufacturing goods
● Manufacturing- it is processing of
raw materials into finished product
by means of a small-scale or
large-scale industrial operation
● Construction- it is the act or process
of building or fixing structures or
infrastructure like houses, bridges,
or buildings
● Mining- it is the extraction of
minerals from the land
● Quarrying- the business or act of
extracting building stone, slate, or
limestone from open excavation
A. Importance of Industrial Sector
a. Employment generation
b.
c. Contribution to National
Income
B. Components of the Industrial Sector
a. Manufacturing
b. Construction
c. Mining
d. Electricity, Gas, and Water
C. Problems Confronting the Industrial
Sector
a. Skills gap
b. Environmental issues
D. Institutions and Programs
a. OTOP- main program of the
Department of Trade and
Industry to promote
entrepreneurship and
generate jobs in the country.
b. MSME- Micro, small and
medium enterprises
(MSMEs) have a very
important role in developing
the Philippine economy. They
help reduce poverty by
creating jobs for the country's
growing labor force. They
stimulate economic
development in rural and
far-flung areas.
c. SSF- The Shared Service
Facilities (SSF) Project is a
private-public partnership
that provides MSMEs with
machinery, equipment, tools,
systems, skills and
knowledge under a shared
system
d. Mobile Training Bus Plus- it
is a program of the Technical
Education and Skills
Development Authority that
aims to provide technical and
vocational training courses.
e. IPP- a list of economic
activities that are given
priority and incentives by the
government
E. Technology and Industry
- the development of the industries
depends on improvement in
technology