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Types of Industries. Essential Question What are the different types of industries?

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Presentation on theme: "Types of Industries. Essential Question What are the different types of industries?"— Presentation transcript:

1 Types of Industries

2 Essential Question What are the different types of industries?

3 Definition Industry: manufacturing of a good or service within a category; trade

4 Primary Takes natural resources from the earth

5 Primary Examples: Mining, forestry, fishing, agriculture

6 Secondary Makes products using the natural resources

7 Secondary Examples: Construction, factories, processing plants

8 Tertiary Provides a service

9 Tertiary Examples: Restaurants, hospitals, supermarkets, education, emergency services

10 Quaternary Gathers information

11 Quaternary Industries in this category research, gather, and provide information.

12 TERMS TO KNOW Factors of production: any materials or services used to produce goods or services Natural resources: something (forest, minerals, fresh water) that is found in nature and is necessary or useful to humans Labor: productive activity especially for economic gain Capital: the wealth (money or property) owned or employed in business by an individual, firm, corporation Entrepreneurs: a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

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