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WHAT IS INDUSTRY - Coggle Diagram

- - - - Working with or the extraction of natural resources
      - • AGRICULTURE
      - • FORESTRY
      - • FISHING
      - • MINING
    - - Making things either by manufacturing or construction
      - CONSTRUCTION
      - MANUFACTURING
    - - Provides services
      - RETAIL, BANKS, HOTELS, REAL ESTATE, EDUCATION,
        
        HEALTH, SOCIAL WORK, COMPUTER SERVICES,
        
        RECREATION, MEDIA, COMMUNICATIONS, ELECTRICITY,
        
        GAS, WATER SUPPLY
    - - A new sector and is linked to ICT and research development
      - • FINANCE
      - INSURANCE
      - HEALTHCARE
      - ICT SERVICES
- - - - Produce final consumption goods
      - Items that consumers hold in their hands and consume
      - Intermediate items are produced by some manufacturing companies.
      - Products that other businesses will use to make final consumer goods
    - - HEAVY -> Higher Capital Requirements
      - LIGHT -> Lower Capital Requirements
    - - DOMESTIC -> Located within its borders (COUNTRY)
      - FOREIGN -> Not located within a country (OVERSEA)
    - - DURABLE -> Goods that last long time (E.G: Automobile and
        Aviation)
      - NON-DURABLE -> Goods that usually DO NOT last very long,
        require immediate consumption and are perishable (FOOD)