Question

Classify industries on different basis with diagram

Answer 1

Industries can be classified in a variety of ways. At the top level, industry is often classified according to thethree-sector theoryintosectors:primary(extractive),secondary(manufacturing), andtertiary(services). Some authors addquaternary(knowledge) or evenquinary(culture and research) sectors. Over time, the fraction ofa society's industry within each sector changes.Below the economic sectors there are many other more detailedindustry classifications. These classification systems commonly divide industries according to similar functions and markets and identify businesses producing related products.Industries can also be identified by product,such as:construction industry,chemical industry,petroleum industry,automotive industry,electronic industry,power engineeringandpower manufacturing(such as gas or wind turbines),meatpacking industry,hospitality industry,food industry,fish industry,software industry,paper industry,entertainment industry,semiconductor industry,cultural industry, andpoverty industry.