Economic Transformations: From Agriculture to Automation

University:
Swansea University
Course:
N1NF | Business Management (Marketing) with a Foundation Year
Academic year:

2023
Views:

230

Pages:

1
Author:

Thomas G.

Lecture Notes Title: “Economic Transformations: From Agriculture to Automation " I. Historical Shifts in Employment • The transition from an agricultural to an industrial economy. • Reduction in agricultural employment despite increased agricultural production. • Transformation of rural populations into urban workers. II. Current Technological Evolution • The need for automation in response to technological advancement and global competition. • Anticipated reductions in factory employment due to automation. III. Future Employment Landscape • The industry's decreasing ability to provide employment despite increased industrial production. • The need to address employment challenges through the growth of craftsmanship, professional activities, and the service sector. • Focus on infrastructure development and citizen-centric activities to meet societal needs. IV. Private and Public Enterprises • Classification of enterprises based on their legal status: private and public. • Subcategories of private enterprises, including individual and collective enterprises. • Explanation of public enterprises and examples. V. Ownership in Private Enterprises • Ownership structures in private enterprises, including individual ownership and multiple owners (societies or corporations). • Examples of both individual and collective enterprises, including large corporations. VI. Subject Economic Ownership • Explanation of the economic ownership of private enterprises, which can be private individuals or public entities. • Instances of private enterprises, legally corporations, that are dominantly owned or controlled by public entities. VII. Corporate Groups • Discussion of corporate groups formed by multiple companies, often owned by various shareholders, both individuals and legal entities. • Mention of the parent company (controlling entity) and its subsidiaries (controlled entities) within corporate groups.