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INDUSTRIALIZATION

INDUSTRIALIZATION. WHAT ARE THE DIFFERENT TYPES OF INDUSTRIES?. Primary Industries. Involves taking resources from the land (extractive) Examples: mining; agriculture; fishing; hunting and gathering; lumbering and forestry. Secondary Industries.

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INDUSTRIALIZATION

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  1. INDUSTRIALIZATION WHAT ARE THE DIFFERENT TYPES OF INDUSTRIES?

  2. Primary Industries • Involves taking resources from the land (extractive) • Examples:mining; agriculture; fishing; hunting and gathering; lumbering and forestry

  3. Secondary Industries • Involves processing resources into goods/finished products • Examples: include light industry—textiles; food processing; small appliances

  4. Tertiary Industries • Economic services; facilitate commerce and trade • Examples:selling the goods produced; banking; health care; tourist industry; routine office-based jobs; retailing

  5. Types of Tertiary Industries • QUINARY INDUSTRIES • Part of the service sector that requires a high level of specialized knowledge or technical skill • Scientific research • High level management • QUATERNARY INDUSTRIES • Service industries concerned with the collection, processing, and manipulation of information and capital • Finance • Administration • Insurance • Legal services

  6. What are the differences between heavy industry and high tech industry? • Both are secondaryindustries. • However, heavy industry uses a fairly simple process and much energy and/or raw materials to make a general product such as iron, gasoline, glass, or cloth. • High-tech industry uses a more complicated process and much skilled labor and/or machinery to make a sophisticated product such as a computer, laser, or composite plastic.

  7. How do telecommunications and other high-tech firms decide where to locate? • Distance to raw materials or markets is less important than for steel or other heavy products. • It is more important to have skilled workers (e.g. science and engineering) and related businesses nearby. • Hi-tech industries depend on innovation. Much scientific research in the U.S. takes place at large universities. • Places with large amounts of both research time and venture capital are better for a new high-tech company than places without those advantages. • Favorable taxes and regulations are also preferred by high tech companies.

  8. High Tech or Heavy Industry? • A loaf of bread • Television set • Cotton towel • Plastic car fender • Polyester sleeping bag • Piece of lumber • Camera lens

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