TYPES OF PRODUCTION (INDUSTRIES) Flashcards

(9 cards)

1
Q

What are the three division in which production or industries can be divided into?

A

Primary or Extractive Industries, Secondary Industries (Manufacturing and Construction Industries) and Tertiary Industries or Service Industries.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is Primary or Extractive Industries?

A

These are all the industries which are engaged in obtaining raw materials or in harvesting or gathering the gifts of nature. In primary production natural resources are extracted from the ground, sea or atmosphere to make goods,

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are examples of Primary or Extractive Industries?

A

Fishing, farming, mining forestry, quarrying, oil drilling, among others.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is Manufacturing Industries (assembling and refining)?

A

These include all the industries engaged in changing the form of the things produced by the extractive industries and making them more useful to man.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What are examples of Manufacturing Industries (assembling and refining)

A

Clay baked into bricks
iron ore smelted into steel
wood made into boards
fur made into cloth.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is Construction Industries (building)?

A

These industries take the various components made by the extractive and manufacturing industries (sand, stones, bricks, steel, cement) and assemble them into an organized whole.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are examples of Construction Industries (building)?

A

A house, cars, bridges, furniture, clothes, among others.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is Tertiary or Service Industries?

A

Production is complete when the final product reaches the consumers. The entire process of production requires the use of a number of services. Such commercial services are therefore referred to as aid to trade.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are examples of Tertiary or Service Industries?

A

Accounting, transportation, communication, advertising, warehousing, insurance, banking, electricity, among others.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly