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THE INDUSTRY - Coggle Diagram
THE INDUSTRY
What is industry?
An industry is economic activities performed by people, and organizations in producing goods and services for sale.
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
Industry
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Durable or Non-durable
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Non-durable sector produces goods that usually do not last very long, require immediate consumption, and are perishable.eg: Food
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The Economic Sector
Economic
Its a study of economics activities which consists of production, consumption and distribution of goods and services.
4 Sectors of the Economy
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Secondary Industry
Construction
Construction is
a high hazard industry that comprises a wide range of activities involving construction, alteration, and/or repair.
The construction industry is
one of the most information-intensive industries, as a major construction process requires extensive exchange of data and information between the project’s participants on a regular basis
Manufacturing
Manufacturing industry
refers to industries which involve in the manufacturing and processing of items and indulge in either creation of new commodities or in value addition.
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Quaternary Industry
The quaternary sector is a knowledge-based part of the economy - which typically includes services such as information technology, information-generation and -sharing, media, and research and development, as well as knowledge-based services like consultation, education etc
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