1. The four Tier Model
We can also break industries into the following sectors:
1) Primary Industries
2) Secondary Industries
3) Tertiary Industries
4) Quaternary Industries

2. Primary Industry
The primary sector of industry generally involves the harvesting of natural resources to be converted into primary products.
Oil, wood, fish, animals, plants, et…
Major businesses: Agriculture, fishing, forestry, mining, quarrying.

3. Secondary Industries
The secondary sector of industry includes those economic sectors that create a finished, usable product:
manufacturing and construction.
Relies on a strong primary sector
Usable products for businesses, export, or for sale.

4. Location Factors for Manufacturing
Proximity of Raw Materials – close to the product
Location of Markets – close to the buyers
Availability of Fresh Water and Power - basic needs
Labour supply – need people to work (Canadian companies needing large, low-cost labour forces take their companies elsewhere)
Transportation – need to be able to get to/from
Political Factors – encourage or discourage manufacturing
Circumstance – all the other factors

5. Tertiary Industries
This is the segment of the economy that provides services to its consumers.
Financial institutions, schools, transportation, restaurants,
Two main categories.
Companies making money (i.e Financial)
Non profit organizations (i.e Schools)
Cannot have strong tertiary industry without strong primary and secondary.

6. Quaternary Industries
This is a relatively new industry involving highly specialized knowledge/idea based services.
Also includes some specialized technological services
Research and Development firms
Specialized medical research centers
Often Quaternary jobs are found within the other 3 industries.
I.E. A book author who works for a publishing company.

7. GDP How industries perform affect how our economy performs.
One of the measures we use to determine economic performance is by calculating ‘Gross Domestic Product’ aka GDP.

8. Gross Domestic Product
GDP measures the value of good and services that the country’s citizens produce.
GDP is reported quarterly and is used to measure economic growth or decline.

11. Factors Government Policies Supply and Demand Season Location
Technology
Investment (public or private)
Shipbuilding Contract???