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The secondary sector of industry includes those economic sectors that create a finished, usable product: manufacturing and construction. This sector of industry generally takes the output of the primary sector and manufactures finished goods or products to a point where they are suitable for use by other businesses, for export, or sale to domestic consumers. This sector is often divided into light industry and heavy industry. Many of these industries consume large quantities of energy and require factories and machinery to convert the raw materials into goods and products. They also produce waste materials and waste heat that may pose environmental problems or cause pollution. Manufacturing, a branch of industry, is the application of tools and a processing medium to the transformation of raw materials into finished goods for sale. ...
In large construction projects, such as skyscrapers, cranes are essential. ...
Heavy industry does not have a single fixed meaning compared to light industry. ...
Heavy industry does not have a single fixed meaning compared to light industry. ...
Some economists contrast wealth producing sectors in an economy such as manufacturing with the service sector which tends to be wealth consuming.[1] Examples of service may include retail, insurance, and government. These economists contend that an economy begins to decline as its wealth producing sector shrinks. [2] Manufacturing is an important activity to promote economic growth and development. Nations which export manufactured products tend to generate higher marginal GDP growth which supports higher incomes and marginal tax revenue needed to fund the quality of life initiatives such as health care and infrastructure in the economy. The field is an important source for engineering job opportunities. Among developed countries, it is an important source of good paying jobs for the middle-class to facilitate greater social mobility for successive generations in an economy. Manufacturing, a branch of industry, is the application of tools and a processing medium to the transformation of raw materials into finished goods for sale. ...
Wikibooks has more about this subject: Marketing In economics and marketing, a service is the non-material equivalent of a good. ...
Health care or healthcare is the prevention, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical, nursing, and allied health professions. ...
Engineering is the design, analysis, and/or construction of works for practical purposes. ...
A developed country is a country that has achieved (currently or historically) a high degree of industrialization, and which enjoys the higher standards of living which wealth and technology make possible. ...
The middle class, in colloquial usage, consists of those people who have a degree of economic independence, but not a great deal of social influence or power. ...
Social mobility or intergenerational mobility is the degree to which, in a given society, an individuals social status can change throughout the course of his or her life, or the degree to which that individuals offspring and subsequent generations move up and down the class system. ...
Divisions of this sector include:
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Automakers, also known as carmakers, automobile manufacturers, motor manufacturers, or the automobile industry are companies that design and manufacture automobiles. ...
The beer brewing industry is dominated by a few international players. ...
Chemical tanks in Lillebonne, France Chemical industry includes those industries involved in the production of petrochemicals, agrochemicals, pharmaceuticals, polymers, paints, oleochemicals etc. ...
Girls wearing formal attire for dancing, an example of one of the many modern forms of clothing. ...
// Electronics is the study of electron mechanics. ...
Engineering is the design, analysis, and/or construction of works for practical purposes. ...
The energy industry is a generic term for all of the industries involved the production and sale of energy, including fuel extraction, manufacturing fuel and refining, and fuel distribution. ...
Pumpjack pumping an oil well near Lubbock, Texas Ignacy Åukasiewicz - inventor of the refining of kerosene from crude oil. ...
This article or section does not cite its references or sources. ...
For delivered electrical power, see Electrical power industry. ...
This article or section is in need of attention from an expert on the subject. ...
The steel cable of a colliery winding tower. ...
The global steel industry has been going through major shifts in focus. ...
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Telecommunication involves the transmission of signals over a distance for the purpose of communication. ...
The tobacco industry comprises those persons and companies engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. ...
References
- ^ David Friedman, New America Foundation (2002-06-16).No Light at the End of the Tunnel Los Angeles Times.
- ^ Sir Keith Joseph, Center for Policy Studies (1976-04-05).Stockton Lecture, Monetarism Is Not Enough, with forward by Margaret Thatcher. (Barry Rose Pub.) Margaret Thatcher Foundation (2006).
Keith Sinjohn Joseph, Baron Joseph, Bt, CH , PC (17 January 1918–10 December 1994) was a British barrister, politician, and Conservative Cabinet Minister under three different Ministries. ...
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