list and explain types of industry?
Answers
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.
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Primary Industry
It is one which uses natural resources as their raw materials. These industries depend upon nature for caring out of their activities. These take out the raw materials from the earth’s surface. They are found in areas where these natural resources are easily found. Breeding and Reproduction of species come under the primary industry. These industries require little effort and don’t require any processing stage. These are divided into two Extractive industry & Genetic industry. The extractive industry is one which acquires natural resources. The genetic industry is one which aims at the breeding of species.
Secondary Industry
These industries depend on the primary industry for their activities. They use the goods produces by the primary industry as their raw material. These industries create form utility by producing consumer-ready products. It involves the conversion of raw material into finished good using manpower and machines. Secondary industries are of 2 types: Manufacturing and assembling industry.
Tertiary Industry
These industries are termed as aids to trade as they help in trade. This industry provides service facilities to other industries. Primary & secondary industry depends on these industries for their role. They do not produce any goods like primary and secondary industry. Examples of tertiary industry: transport, insurance & banking industry.