industries
TRANSCRIPT
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INDUSTRIES
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PRIMARY- extracting raw materials
SECONDARY- manufacturing
TERTIARY- service industry
QUATERNARY- highly specialized industry-R&D and Information and communication technology
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Based on the type of industry a person works in….primary, secondary or tertiary
Can be Formal or Informal
Depends on the skill set of an individual.
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Positive
Generates employment
Helps increase the revenue
Helps develop infrastructure
Helps improve international relations- role of MNCs/TNCs
Negative
Pollution (air, water, visual)- acid rain
Reduction in agricultural land
Outflow of revenue- MNCs/TNCs
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SubsidyTariffFDI- Foreign Direct InvestmentQuotasTrading BlocsProtectionismWTOFairTradeSmall scale and large scale
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Manufacturing industry
Hi-tech Industry
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