Industries

Definition

Industries refer to economic activities involved in producing goods or services using specific technologies and resources. They can range from manufacturing plants producing automobiles to service-based industries like healthcare or tourism.

Related terms

Primary Industries: Economic activities involved in extracting natural resources directly from the environment, such as farming, fishing, and mining.

Secondary Industries: Economic activities involved in manufacturing and processing raw materials into finished products, such as construction, manufacturing, and food processing.

Tertiary Industries: Economic activities involved in providing services rather than producing goods directly, such as retailing, finance, education, and healthcare.