Find out more information on the classification of industry and its value in the economy

An industry is a sector of the economy that produces goods or services in an effort to sell them on, commonly for a revenue. Discover more listed here.


Banks are a few of the earliest types of financial organizations out there, which makes them the perfect example of the tertiary industry. The financial services industry, and banks in particular, have different features of tertiary sector, of which offering services to its customers being the most notable one. For as long as they existed, banks have consistently performed an important function in any culture and any economy, but they have become especially important in the previous 100 years or so, which is something that must be important to the investors into Bank of East Asia. It is impossible to imagine any simple monetary exchange without the contribution of a bank. It is a requirement for pretty much any job to have a bank account into which they will pay you your monthly salary. All of the money earned by firms that deal with monetary transactions on the day to day basis, which include supermarkets for instance, eventually pass through a bank system.

The water sector is one that we don't often consider, but it is something without which our contemporary lives would be unimaginable. The water sector offers many vital services, the most significant of them being providing clean, drinkable water to people. The water sector will never ever stop being pertinent to our communities, which is something that the investors into Aqua America must feel great about. Additional services offered by this sector is wastewater services, water engineering, equipment supply and wastewater plant development. An additional role of the water industry likewise comprises of establishing water quality standards, for drinking and wastewater, that are normally set by national bodies. As you can imagine, such a big sector likewise supplies a huge number of primary industry jobs. Most businesses active in the water sector will be managed by the government, as it is typically the role of the government to offer its citizens with drinking water; even so, there are some cases where such water services are provided by private businesses.

Secondary industries are ones that are taking part in the fabrication of goods, that are either ready to be consumed or can go on to be utilised as part of some even bigger product. Businesses active in this field of the economy can be divided into heavy and light industries, with light industries usually yielding ready to be consumed consumer goods, and heavy industries making goods that are then used to produce other forms of goods. The consumer electronics sector has been broadening particularly rapidly in the past fifty years or so, which is something that investors into Toshiba have absolutely taken note of.

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