Question

What are the three broad categories of industrial sectors?

Answer 1

The three broad categories of industrial sectors based on the nature of the production process are:

• Primary Sector: It is the primary industry that includes all the businesses that use natural resources to make goods. Farming, forestry, fishing, mining, and quarrying are all in this industry.
• Secondary Sector: The secondary sector is made up of all the factories that use raw materials from the primary sector to make different goods. By making cloth from cotton, for example, this area changes one type of good into another type of good. It includes building, manufacturing, gas, power, and water supply.
• Tertiary Sector or Service Sector: In contrast to the primary and secondary sectors, which make physical goods, this sector offers a wide range of non-tangible goods, or services. Trade, transportation and communication, banking, insurance, government, professional and personal services are all part of this area.