What Is Industry Flashcards
Primary industry
It involves the process of extracting natural resources from the Earth. Farming and mining are some examples.
Secondary industry
It turns raw materials into semi-finished or finished products. It usually refers to manufacturing industry such as clothing industry and shipbuilding.
Tertiary industry
It is the provision of services to customers or other industries such as retailing industry and banking.
What does farming produce
Farming produces food from
natural resources directly. It is a primary industry.
What is clothing industry
Clothing industry turns clothes into garment products. It is a secondary industry.
What is retailing
Retailing involves selling goods
and services to customers. It is
a tertiary industry.
What do these industries make up
These industries make up the economic structure and contribute to the Gross Domestic Product (GDP) of a country. Some countries have an important primary sector, while in some others, the tertiary sector is more prominent
How many % of GDP does primary industry contribute
60%
What is oil refinery
Oil refinery is a secondary industry
that turns crude oil into useful
products such as gasoline. It
contributes 60% to the country’s GDP.
How many % of the country’s total GDP does tertiary industry contribute
80%
