Industrial Sectors

Industrial Sectors

All businesses belong to a particular industrial sector. These sectors

are divided into three groups, which are Primary, Secondary and

Tertiary.

Primary Sector- The primary sector involves the extracting of raw

materials (natural resources). These raw materials are used for the

manufacturing process. Examples of primary production are farming,

mining for oil, coal and iron, agriculture, forestry, fishing and oil

& gas drilling.

Secondary Sector- The secondary sector includes manufacturing,

processing and assembling the raw materials into the finished product

e.g. turning fruit into juice, wood into tables etc. The sort of

manufacturers that comply with this sector include house builders, a

factory of any kind, a paper mill etc.

Tertiary Sector- The tertiary sector is also known as the service

sector. It involves a business providing a service rather than a

manufactured item. The sector can be divided into four sections as

follows:

· Public services (including administration, defence, health and

education)

· Financial and business services (including banking, insurance

companies, law and accountancy)

· Transport and communication (including bus and train providers,

radio, telecommunications, television and transport companies)

· Retailing, Distribution, Hotels and Catering (including fast-food

outlets, newsagents, supermarkets, pubs and shops)

· Personal services (including health & beauty, hairdressers and sells

commodities like information, training etc.)

Employment Structures

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The developing countries tend to have larger primary sectors with more

people working in industries such as farming or fishing. Manufacturing

businesses have just recently been established in those countries.

Developed countries such as the UK, started up manufacturing

industries many years ago and it has emerged that the secondary and

tertiary sectors are likely to be more important than the primary

sector because that is where most of the employees work.

In very wealthy countries, it is now common to find that many