![]() ![]() The animal is used for Milk, meat, wool, etc. Animal Husbandry: The branch of agriculture deals with animal rearing.A primary mining company can work in collaboration with secondary and tertiary activities. Different techniques are used as per the requirement of the elements. They extract iron ore, minerals and other elements from the earth. Mining: The huge mining companies are major players in the industry.Wood becomes raw material for many secondary and tertiary activities. Forestry: The trees are harvested and cultivated for wood, timber, and raw material for various other processes.This industry consists of large corporate companies with huge vessels and individual or small fishers. It also includes the activity of catching and selling fish. Fishery: It is raising and harvesting fish.It is the art of cultivating soil, growing fruits and vegetables and raising livestock. Agriculture: Farming and related activities are covered in agriculture.For example, coal mining, extracting petroleum products etc. These products cannot be cultivated like genetic produce. Extractive industry : These industries obtain raw materials from the earth or nature and then clean and purify them.Through human intervention and the use of scientific methods, the quality and quantity of products are improved. Genetic industry : This relates to the growing of vegetables, fruits, fisheries, livestock management and so on.The Primary industries can further be divided into two categories. The Indian primary industry contributes around 21.82% of the Gross Domestic Product. ![]() The people engaged in this industry are also called red-collar workers. Whereas developed nations don't depend on primary activities and they use modern technologies thus, activities are less labour extensive. Many people are engaged in the primary sector because they don't have access to modern equipment. In undeveloped and developing nations, primary industries are crucial for the economy. The products of the Primary industry become the input for the secondary industry. It utilises natural resources of the environment and produces crops, minerals, livestock etc. It consists of agricultural-based activities and is also known as the Agricultural and allied sector. Primary industry plays a vital role in developing countries. In upcoming sections, let’s discuss each type and their differences in detail. The main economic activities in the tertiary industry involve production and transportation. The third type is the Tertiary industry, which forms the major part of the Indian economy. Processes, manufacturing and construction add value. ![]() At the same time, Secondary Industry is a group of economic activities that add value to natural resources. Primary Industry involves the economic activities that utilise natural resources like land, water, plants, etc. Based on different criteria, there could be different industries, for example, cloth manufacturing, hotel industries, etc.Īt the country's economic setup level, these industries are categorised into Primary, Secondary and Tertiary sectors.Īlso read: Business Vs Commerce : Differences Between Business And Commerce ![]() The industry is the collection or group of companies with similar business activities. What Are Different Types of Industries?īefore diving into the types of industries, let's first understand what do we mean by an industry. In the following sections, you will learn about what industry is, the major types of industries, Primary, Secondary and Tertiary and the differences between them.ĭid you know? The Tertiary sector alone accounts for 53.89% of India’s Gross Value Added. Based on activities, they can be of three types. There are various categories of industries. They provide goods and services, generate revenue and create jobs for the people. These industries are the core of the economic prosperity of a nation. A country's economy is a combination of different types of industries. ![]()
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