Articles in English

The Standard Industrial Classification (SIC) system is a method of classifying and categorizing businesses based on the type of goods or services they produce. The SIC system was first introduced in the United States in 1937 and has since been adopted by several other countries.

The Seven Wonders of the Industrial World were a series of monumental structures and technological advancements that were built during the height of the Industrial Revolution in the 19th and early 20th centuries. These wonders were seen as marvels of human engineering and ingenuity, and they left a lasting impact on the world and the way people lived, worked, and communicated.

Science parks, also known as research parks, are specialized technology-based areas designed to support the growth and development of innovative businesses and industries. These parks typically consist of a cluster of high-tech companies, universities, research institutions, and other organizations that work together to create an environment that promotes scientific and technological advancement.

Robber barons were a group of prominent American industrialists in the late 19th and early 20th centuries who gained immense wealth and power through controversial and often unethical business practices. These individuals were known for their ruthless pursuit of profit, which often involved taking advantage of workers, exploiting resources, and manipulating markets. While their business acumen and entrepreneurial spirit helped to drive economic growth and industrialization in the United States, their actions also had a profound impact on American society and the nation’s political and economic landscape.

Raw materials refer to the natural or unprocessed materials that are used to manufacture finished products. They play a crucial role in the production process, serving as the foundation for a wide range of products in various industries, including construction, manufacturing, and consumer goods. The quality and availability of raw materials can greatly impact the success of a business, as well as the overall economy.

Pricing is an essential aspect of any business and plays a crucial role in determining a company's success and profitability. It refers to the process of determining the value of a product or service and setting a price that reflects that value. Pricing strategies can vary greatly depending on the industry, the target market, competition, and other factors, but the ultimate goal is always the same: to maximize profits while also satisfying the needs and expectations of customers.