1. WHAT ARE THE DIFFERENT TYPES OF INDUSTRIES?
INDUSTRIALIZATION
WHAT ARE THE DIFFERENT TYPES OF INDUSTRIES?

2. Primary Industries
Involves taking resources from the land (extractive)
Examples: mining; agriculture; fishing; hunting and gathering; lumbering and forestry

3. Secondary Industries
Involves processing resources into goods/finished products
Examples: include light industry—textiles; food processing; small appliances

4. Tertiary Industries Economic services; facilitate commerce and trade
Examples: selling the goods produced; banking; health care; tourist industry; routine office-based jobs; retailing

5. Types of Tertiary Industries
QUATERNARY INDUSTRIES
Service industries concerned with the collection, processing, and manipulation of information and capital
Finance
Administration
Insurance
Legal services
QUINARY INDUSTRIES
Part of the service sector that requires a high level of specialized knowledge or technical skill
Scientific research
High level management

6. What are the differences between heavy industry and high tech industry?
Both are secondary industries.
However, heavy industry uses a fairly simple process and much energy and/or raw materials to make a general product such as iron, gasoline, glass, or cloth.
High-tech industry uses a more complicated process and much skilled labor and/or machinery to make a sophisticated product such as a computer, laser, or composite plastic.

7. How do telecommunications and other high-tech firms decide where to locate?
Distance to raw materials or markets is less important than for steel or other heavy products.
It is more important to have skilled workers (e.g. science and engineering) and related businesses nearby.
Hi-tech industries depend on innovation. Much scientific research in the U.S. takes place at large universities.
Places with large amounts of both research time and venture capital are better for a new high-tech company than places without those advantages.
Favorable taxes and regulations are also preferred by high tech companies.

8. High Tech or Heavy Industry?
A loaf of bread
Television set
Cotton towel
Plastic car fender
Polyester sleeping bag
Piece of lumber
Camera lens