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Industry

lastmod 2023-02-24created 2023-02-162 edits

Industry (産業) is the activity of producing goods or services to make human life economically prosperous.

Industry is also an organization of economic activity that produces goods. Industries can be classified by the kind of goods they produce. The industrial world has many different sectors, and each sector has its own characteristics. Even business enterprises of the same kind differ in many ways if they belong to different sectors. So each enterprise takes on characteristics that depend on its sector, and sectors also differ in many ways in business management, research methods, and the kinds and uses of management methods.

List of Industry

Clark's classification

Clark classified industries into the primary, secondary, and tertiary sectors. The quaternary sector is a term coined later, which came into use as information and knowledge industries advanced.

Primary sector of the economy

Industries that extract resources directly from nature, or whose production processes are directly tied to the natural environment, are called the primary sector. The primary sector includes agriculture, livestock farming, fishing, forestry, and fisheries

Secondary sector of the economy

The secondary sector refers to industries that process products obtained from the primary sector and natural resources to produce the goods or energy people need. It includes mining, construction, electric power, gas, water supply, manufacturing, repair, maintenance, and broadcasting.

Tertiary sector of the economy

Industries related to the movement, consumption, and accumulation of goods produced by the primary or secondary sector are called the tertiary sector. This means finance, insurance, distribution, wholesale, retail, and so on. It is also called the service industry, that is, industries that provide services such as selling products.

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