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Chapter 1 : The Industry - Coggle Diagram
Chapter 1 : The Industry
4 Category of Industry
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DOMESTIC OR FOREIGN
Inside the country, like Proton, while foreign sectors are
located overseas, like Microsoft.
DURABLE OR NON-DURABLE
Make long-lasting goods like cars and planes, while non-durable sectors produce perishable goods needing immediate consumption, like food.
MANUFACTURING
Make goods for customers to use directly, like food, and also produce intermediate goods used by other companies to make final products, such as logging for lumber.
What is industry ?
A group of companies that work together to produce goods or services
for sale, such as telecommunications, education, media, and food.
Economy Sector
Primary sector : involves activities like farming, mining, and other natural resource industries that extract raw materials used by secondary industries.
Secondary sector : includes manufacturing, engineering, and construction, which transform raw materials or semi-finished goods into more valuable products.
Tertiary sector : comprises service industries, focusing on providing various services
to people or businesses.
Quaternary sector : involves intellectual activities such as education and research, focusing on the application, manipulation, and transmission of information.
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