Today's Economic Term [ Upstream Industries, Downstream Industries ] | Economic VOCA
Most industries form an ecosystem where numerous companies are connected like a chain, ranging from producers of raw materials or components to those manufacturing and distributing finished products. These can be classified into 'forward industries' and 'backward industries' based on their distance from consumers. It can sometimes be confusing to distinguish between forward and backward industries, so watch this video to clarify the distinction!
#ForwardIndustries #BackwardIndustries #VerticalIntegration #EconomicVOCA #EconomicVoca #EconomicTerms #EconomicStudy #EconomicKnowledge #Economics #HankyungKoreaMarket
📰 Subscribe to The Korea Economic Daily / Participate in the 60th Anniversary Event
📌https://bit.ly/3xOHOU4
📌 Go to Jipconomy
/ jipconomy
📌 Go to Hankyung Global Market
/ 한경미디어
📌 Business Inquiries: [email protected]
ⓒ The copyright of this video belongs to The Korea Economic Daily. Unauthorized use may result in legal liability.