Sunday, November 14, 2010

Classifying Industries by Sector

There are Three types of sectors

Primary Industry :- The agricultural, farming and fisheries businesses come under this head.

Secondary Industry :- The industries that utilize machines, factories or human labor to convert raw materials into a processed final product. The manufacturing industries, or heavy industry, are typical examples of Secondary Industry types.

Tertiary Industry :- Services-based industries are known as tertiary industries. Retail, food & beverage and professional services are examples of Tertiary Industry.



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