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Types of Industries
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Primary Industries Prepare and process raw material, such as timber, wheat and iron ore, so other companies or consumers can use them Examples: farms, mining, logging companies
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Secondary Industries Manufacturing – turn raw material into products that consumers or other businesses can use Examples: bakeries, car manufacturers, furniture makers
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Tertiary Industries Service industries – do not make or consume goods. Distributor – move goods from the manufacturer to another business or to consumers. Examples: transportation companies, retailers of food, clothing, health care workers, educators, recreation, banking
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Quaternary Industries
Pass on information through technology Examples: communication companies (Internet, cable companies, phone companies)
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