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ICT IN INDUSTRIES - Coggle Diagram
ICT IN INDUSTRIES
Industries category
Heavy or light
Heavy industry sector : higher capital requirements for a business to set up
Light industry sector : lower capital requirements for a business to set up
domestic or foreign
Domestic industries are those that are located within its borders (country) .eg: Proton
Foreign sectors are those that are not located within a country (oversea) eg: Microsoft
Durable or non-durable
Durable industry is one that produces goods that last a long time. Eg: the automobile and aviation
Non-durable sector produces goods that usually do not last very long, require immediate consumption, and are perishable.eg: Food
Manufacturing
Manufacturing industries are those that produce final consumption goods.
Sector of Economic
Primary Sector
Foresty
: logging firms, manufacturers who use raw timber products
Mining
: mined minerals include coal, metals and industrial minerals
Fishing
: any industry or activity concerned with taking, culturing, processing, preserving, storing, transporting, marketing or selling fish or fish products
Agriculture
: Qultivating soil, Aquaculture, Floriculture, Horticulture
Secondary Sector
Construction
: residential construction, bridge erection, roadway paving, excavations, demolitions, and large scale painting job
Manufacturing
: deals with production that process or reprocess industrial and agricultural raw materials
Tertiary Sector
Service industry
: Basic services, Demand for services, Demand for tourism, Financial Sector, Rapid growth of services sector
Quaternary Sector
Finance
: credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises
Insurance
: life insurance , health insurance, and liability insurance.real estate
Healthcare
: provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.
ICT Services : the integration of telecommunications and computers, necessary enterprise software, middleware, storage, and audiovisual systems, that enable users to access, store, transmit, and manipulate information.
What is industry?
An industry is economic activities performed by people, and organizations in producing goods and services for sale.
Economic activity is the activities in producing, distributing, or consuming products or services which involve money or the exchange of products or services.
Example of industries
Telecommunication industry - TM, Maxis, Celcom
Education industry - UITM, UKM, Taylor College, UTP
Media and entertainment – Astro, TV3, RTM etc
Food industry – Nestle, Adabi, Gardenia, Restaurants, etc
Economic Resource
Human (Labor and management)
Capital (Financial)
Land (machinery, buildings)
Technology (infrastructure).
Natural resources eg: raw materials, fish, oil etc