Industries

Question 1

What is an industry?

Answer 1

Any organization that is made to create wealth.

Question 2

How many levels of industries are there?

Answer 2

There are five levels:

• Primary
• Secondary
• Tertiary
• Quaternary
• Quinary

Question 3

What is the definition of a Primary Industry?

Answer 3

Any industry that gets collects natural resources from the earth.

Question 4

What is the definition of a Secondary Industry?

Answer 4

Any industry that adds value to a raw material.