Page 83 - Key to Social Studies 5
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What Are Some of Asia’s Major Income Sources?
Asia’s economy has developed signi cantly in the last fty years.
Today, Asian nations rank as some of the top producers of
products from farming, forestry, mining, and industrialization,
bringing wealth to the continent.
Mining and Drilling
Asia’s economy depends partly on mining for minerals such as
gold, coal, and iron ore. The Arabian Peninsula has the world’s
Drilling platform, Thailand
largest deposits of oil and natural gas, which are accessed by
drilling.
Textile Industry
This industry plays a major role in Asia's economy. India and China are considered leaders in this sector
globally. The textile industry generates a lot of employment opportunities; for high manpower and the
abundance of resources, Asia is able to produce good quality textiles at reasonable prices.
Automotive and Electronics
China, Japan, South Korea, and Taiwan are recognized globally for the manufacturing of high-value
cars. Asia is a major supplier of electronics such as mobile phones, televisions, and home appliances as
well as electronic parts that help machines and devices work. Industry giants such as Samsung,
Toshiba, Toyota, and Honda are based there.
A cloth factory in East China
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