Types of Industry Sectors
There are different types of industries. We’ll look at the Agriculture industry, Primary sector, and non-durable industries. Each of these types of industries contributes to the country’s economy in a unique way. Understanding each sector’s role in a country’s economy will help us understand how to properly invest in it. We’ll also look at how to analyze the economy to determine what industries are the most profitable for a country.
Primary sector
In the world economy, the primary sector of industry is the extraction of natural resources and their use as raw materials for manufacturing processes. This sector includes construction, manufacturing, fishing, and farming. Farming and cattle-grazing are important parts of this industry, as are coal mines and mining businesses. Other industries that utilize natural resources include wood, fruit, and vegetables, and timber. The construction sector is the result of a variety of different industries that make up the primary …
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