Industrial Sector and Economic Roles

The video tutorial discusses the process of industrialization, focusing on the transformation of raw materials into finished products through manufacturing. It highlights the role of the industrial sector, including mining, manufacturing, and construction, in economic development. The Philippines' position as a leading producer of minerals is noted, along with the importance of trade and industry agencies in promoting economic growth.

What is the primary focus of industrialization?

• Reducing the use of machines

• Decreasing the value of raw materials

• Increasing agricultural output

• Transforming raw materials into finished products

Which example illustrates the transformation of raw materials in industrialization?

• Converting cotton into fabric

• Refining oil into gasoline

• Turning wheat into bread

• Processing mangoes into mango juice

What does the manufacturing sector primarily involve?

• Retail and wholesale trade

• Agricultural production

• Chemical and mechanical transformation of substances

• Service provision

Which of the following is NOT a component of the industrial sector?

• Retail

• Basic services

• Construction

• Mining

What is the significance of the mining sector in the Philippines?

• It produces luxury goods

• It focuses on renewable energy

• It provides essential commodities like food and shelter

• It is the largest employer in the country

Which mineral is NOT mentioned as being mined in the Philippines?

• Chromite

• Gold

• Copper

• Iron

Which of the following is a non-metallic mineral found in the Philippines?

• Gold

• Silver

• Clay

• Nickel

What is the role of the Department of Trade and Industry in the Philippines?

• To manage public transportation

• To create a business-friendly environment

• To oversee educational institutions

• To regulate agricultural production

Which agency is responsible for encouraging investment in economic zones?

• Department of Trade and Industry

• Securities and Exchange Commission

• Philippine Economic Zone Authority

• Board of Investment

What is the task of the Securities and Exchange Commission in the Philippines?

• To regulate agricultural exports

• To promote tourism

• To supervise the selling and buying of corporate stocks

• To manage economic zones