Business activity can be conveniently divided up into: 1. Extractive (primary) 2. Manufacturing (secondary) 3. Services (tertiary). Extractive industries like farming take out things which are already provided by nature, for example: farmers grow cropsminers take out fuel, minerals, etc. Primary industry sometimes produces raw materials, e.g. iron ore (that goes into making steel) and oil (that makes petrol, plastics, etc), as well as producing final products like fish and oranges. Manufacturing and construction industries make, build and assemble products. Manufactures will use raw materials…

Continue reading

Get unlimited access
Subscribe
Already a subscriber? Login