All businesses belong to a particular industrial sector. These sectors are divided into three groups

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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:

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  • 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

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 ...

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