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WellBacklitLapisLazuli9919

Uploaded by WellBacklitLapisLazuli9919

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industries types of industries economics business

Summary

This presentation covers different types of industries, including primary, secondary, and tertiary industries. It also discusses the learning outcomes and the introduction to industries.

Full Transcript

Industries Learning Outcomes Need for Industries in the world. Types of Industries. Factors related to the establishment of Industries. Important Industries of the world. Pollution due to Industries Introduction The term industry refers to...

Industries Learning Outcomes Need for Industries in the world. Types of Industries. Factors related to the establishment of Industries. Important Industries of the world. Pollution due to Industries Introduction The term industry refers to any economic activity that converts raw materials into goods for sale in local or distant markets or provides useful services. The process of converting raw materials into finished products is known as manufacturing. We have different types of industries, as a single industry is named after a principal product manufactured in it or services provided by it. On the basis of finished products there are 3 types of industries namely : Primary Industries, Secondary Industries & Tertiary Industries. Primary Industries Industries that derive their products directly from nature, through activities like mining, lumbering & farming. The products obtained from these are called primary products. Secondary Industries Industries that process primary products into other useful products. Processing increases the utility & value of secondary products, they are also called value-added products. Tertiary Industries Industries that do not involve manufacturing of goods but provide services such as education, banking, etc. Primary Product Value-Added Product Tertiary Industry Difference between Primary Products Value-Added Products Directly derived from nature. Products which are processed and whose utility and value increases. Add a Slide Title - 2 Add a Slide Title - 3 Click icon to add picture Add a Slide Title - 4

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