Question

Explain the classification of industries?
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Answer 1

Answer:

Explanation:

ndustry classification or industry taxonomy is a type of economic taxonomy that organizes companies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.

Answer 2

Answer:

There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing. Secondary industry involves manufacturing e.g. making cars and steel. ... Quaternary industry involves research and development industries e.g. IT.