Production:- Production and consumption and capital formation are called the basic economic activities of an economy. Scars resources are used in the production of goods and services with the objective of satisfying are need and wants. 2. Consumers:- Bread, clothes, shoes, tea, Coca cola, etc.

Germany’s principal industries include machine building, automobiles, electrical engineering and electronics, chemicals, and food processing.

The top 10 exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, and rubber and plastics.

The United States

The healthcare sector consists of businesses that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients.

The main sectors of the economy are: Primary sector – extraction of raw materials – mining, fishing and agriculture. Secondary / manufacturing sector – concerned with producing finished goods, e.g. Construction sector, manufacturing and utilities, e.g. electricity.

7 industries at greatest risk from climate change

• Insurance. MachineHeadz | E+ | Getty Images.
• Agriculture. Stuart McCall | Photographer’s Choice | Getty Images.
• Energy. John B.
• Beverage industry. Cavan Images | Iconica | Getty Images.
• Commercial fishing. Jeff Rotman | Photolibrary | Getty Images.
• Skiing. Sylwia Duda | Getty Images.
• Wineries.
• Wall Street.

The primary sector is a base for most of the other products that we subsequently make. Since most of the natural products we get are from agriculture and related sector, the development of this sector leads to the development of services such as transport, trade, storage and the like.

For example, a pizza slice is an example of a sector representing a fraction of the pizza. There are two types of sectors, minor and major sector. A minor sector is less than a semi-circle sector, whereas a major sector is a sector that is greater than a semi-circle.

8 Types of Economic Sector

• Primary. The production of raw materials.
• Secondary. The production of tangible goods from raw materials.
• Tertiary. The creation of intangible value.
• Quaternary Sector.
• Quinary Sector.
• Public Sector.
• Private Sector.
• Voluntary Sector.

A sunrise industry is one that is new or relatively new, is growing fast and is expected to become important in the future. Examples of sunrise industries include hydrogen fuel production, petrochemical industry, food processing industry, space tourism, and online encyclopedias.

These sectors are broken down further into 24 industry groups, 69 industries and 158 sub-industries. There are more classification standards, such as Industry Classification Benchmark (ICB), Standard Industrial Classification (SIC), North American Industry Classification System (NAICS) and others.

The Top 10 Job Industries Hiring Right Now

• Business services. Business folks grabbed the top spot, with 16,480 employers who posted at least one job listing.
• Information technology.
• Manufacturing.
• Health care.
• Finance.
• Retail.
• Accounting and legal.
• Construction, repair and maintenance.

Of the 18 manufacturing industries, the 13 that reported growth in June — in the following order — are: Textile Mills; Wood Products; Furniture & Related Products; Printing & Related Support Activities; Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; Plastics & …

Types of Manufacturing Industries

• Clothing and Textiles. Companies that process raw wool, cotton and flax to make cloth are categorized under the clothing and textiles sector.
• Petroleum, Chemicals and Plastics.
• Electronics, Computers and Transportation.
• Food Production.
• Metal Manufacturing.
• Wood, Leather and Paper.