Common Types of Industry in the World

 

types of industry

The types of industry that we are all familiar with and are surrounded by is very diverse, but there are some basic areas that they cover. We have the primary types of industries that we can think of. They are manufacturing, services, retailing, commodity, and financial instruments. In addition, there are some not so common types of industry but are very important to a number of people. These include energy, health care, financial services, and information technology.

Manufacturing and Retailing

The most important main types of industry are manufacturing and retailing. Manufacturing industries cover all of the equipment necessary to produce finished goods. This could include automobiles, machinery, and even assembly lines if you consider the work that goes into making electronics. Services on the other hand cover all of the tasks that are involved in the delivery of products to the final consumer.

Oil extraction is one example of a manufacturing process used to extract oil from natural resources such as coal, gas, or petroleum. This extraction is necessary because it helps to create new products. There are many different types of extractive industries but the two most prominent are oil extraction and petroleum refining. Other less well-known types of natural resource extraction include the following: timber, fish processing, limestone, milk, meat, sugar, rubber, coal, wheat, coal dust, potash, coal, peat, perlite, asbestos, lime and limestone.

Natural Resources Processing Industry

Another extraction type is the natural resources processing industry. This is used to extract materials from the ground, such as coal, in order to make metal, plastic, cement, and other products. The primary process includes the conversion of the raw material into usable energy or another form such as gasoline, diesel, steam, electricity, and gas.

There are also secondary extractive industries that fall between the primary and secondary categories. Examples of these are waste treatment and storage, which use chemicals to remove the contaminants in raw materials before they are put to use elsewhere. Others include mineral processing plants that extract minerals from the ground and process them into usable products. Others include mining, which digs up and remove rocks and other earth-based resources from the ground. In some countries, primary and secondary mining operations sometimes overlap; in other instances, they may be totally separate.

Most types of primary industries produce raw material and goods that must be transported to markets. They include transportation, storage, and distribution. Many primary industries derive their revenue from sales of these goods to other consumers. Transportation and storage include the movement of passengers and goods and the storage of goods temporarily or permanently in locations outside the company’s site.

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