3 Types of Industry (Business Sectors)


Types of Industry

T he term industry is the organized action of making of goods and services for sale. The economy of a country depends on the industries it has. The more industries a country has the more economically rich and stable it is.

There are three types of industries:

1. Primary industries

2. Secondary industries

3. Tertiary industries

1. What Do Primary Industries Do?

Primary industries are the first players in manufacturing products that will eventually be sold or distributed to the public. These industries find natural resources or raw materials, gather them, and store them for later use.

The primary industry may also be involved in preparing the resource or even the manufacturing of products using the natural resource, but the main task of these industries is to find and collect materials.

Examples of Natural Resources

There are several types of natural resources gathered by primary industries.

They include minerals that are mined from the earth such as copper or gold.

Other natural resources are wood taken from trees, extract from plants and even fish caught from a stream. Natural resources used by primary industries include anything that naturally occurs on earth.

Which Industries Are Primary?

Primary industries make money by using the natural resources that can be found or grown on earth. One example of this type of industry is farming.

Farmers use the land to raise plants and animals that can be made into food or other products.

Another type of primary industry is mining. These companies send specially trained workers underground or into other areas where minerals grow. The minerals are then taken from the rocks and brought back to a facility where they can be used.

Other examples of primary industries are companies that provide fish and other seafood to restaurants, people who cut down trees and use the lumber for manufacturing of other goods.

2. What Do Secondary Industries Do?

Secondary industries come into play after primary industries have gathered raw materials. It is the job of secondary industries to take these resources and turn them into products that people will use.

These types of industries often use large machinery in manufacturing plants to create products that will be sold to the public. Secondary

industries may also use machine or human power to package these products so that they can be distributed to stores and other places. When materials have been processed by secondary industries, they are ready for use by consumers or by other companies and industries.

Examples of Products Used by Secondary Industries

Secondary industries make use of those products that have been collected by primary industries. For example, they may take diamonds and turn them into polished stones and jewelry. A secondary industry grinds plants into oils and processes raw meat for cooking and also builds products using steel and other metals. A secondary industry can process the wood taken from primary and turn it into homes, furniture and other wood products.

Which Industries Are Secondary?

Many industries are considered secondary industries. include the automotive industry, which uses steel to cars. Another example of a secondary industry is a that combines ingredients to make prepackaged foods

These may manufacture processing plant that will be distributed to grocery stores. The textile industry is a industry that processes materials for use in clothing and that supply new technology to the public are secondary secondary fabric. Industries industries as are large manufacturing companies that create the parts that are used in making computers, cars, toys, and almost every product.

When you think of big manufacturing factories, almost all of them fall under this category. They are the middleman between you (the consumer) and the natural product.

3. What Do Tertiary Industries Do?

Tertiary industries take those products created by secondary industries and make them available to consumers. They are typically not involved in creating products but in providing services used by the public and by other industries. Tertiary industries are the industry that is most often involved in interacting with the public.

Examples of Products and Services Provided By Tertiary Industries

Tertiary industries make use of all the products that have been manufactured by the secondary industries & makes them available to you

-the consumer. Millions of products are manufactured and then sold to consumers, as well as other companies for resale.

This includes childcare providers, plumbers, housekeepers, mechanics, bankers, hospitals and other people who provide a service.

Which Industries are Tertiary?

The largest of the tertiary industries involves sales . Retail companies are examples of part of a tertiary industry that takes products, prices them and then offers them to the public in a store. Other companies may use salespeople to visit potential clients and interest them in purchasing products.

Tertiary industries also include groups that provide a service. One of these industries is tourism. When people visit a new location, the tourism industry provides sleeping accommodations, tours of interesting places and activities that visitors might like to try.

Any industry that uses skilled professionals to go into homes and businesses to install or fix something is a example of a tertiary industry. The tertiary industry is the last step for a product in the manufacturing process.