Central America industry tenders

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In macroeconomics, an industry is a branch of an economy that produces a closely-related set of raw materials, goods, or services. When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to classify it within a specific industry. However, a single business need not belong just to one industry, such as when a large business diversifies across separate industries. Industries, though associated with specific products, processes, and consumer markets, can evolve over time. One distinct industry (for example, barrel making) may become limited to a tiny niche market and get mostly re-classified into another industry using new techniques. At the same time, entirely new industries may branch off from older ones once a significant market becomes apparent (as the semiconductor industry becomes distinguished from the wider electronics industry). Industry classification is valuable for economic analysis because it leads to largely distinct categories with simple relationships. However, more complex cases, such as otherwise different processes yielding similar products, require an element of standardization and prevent any one schema from fitting all possible uses. "

Central America is a region of the Americas. It is bordered by Mexico to the north, Colombia to the south, the Caribbean Sea to the east, and the Pacific Ocean to the west. Central America is the southern portion of the continent of North America. It is also a part of the Mesoamerican biodiversity hotspot, which extends from northern Guatemala to central Panama. Due to the presence of several active geologic faults and the Central America Volcanic Arc, there is a great deal of seismic activity in the region. Guatemala has the largest economy in the region. Its main exports are coffee, sugar, bananas, petroleum, clothing, and cardamom. Of its 10. 29 billion dollar annual exports,40. 2% go to the United States, 11. 1% to neighboring El Salvador, 8% to Honduras, 5. 5% to Mexico, 4. 7% to Nicaragua, and 4. 3% to Costa Rica. The region is particularly attractive for companies (especially clothing companies) because of its geographical proximity to the United States, very low wages and considerable tax advantages. In addition, the decline in the prices of coffee and other export products and the structural adjustment measures promoted by the international financial institutions have partly ruined agriculture, favouring the emergence of maquiladoras. This sector accounts for 42 per cent of total exports from El Salvador, 55 per cent from Guatemala, and 65 per cent from Honduras. Countries in Central America are Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama.