The document outlines different types of industries including agribusiness, retail, services, manufacturing, and international trade. Agribusiness involves animal and plant production through livestock, poultry, and small entrepreneurs. Retail involves the direct sale of goods to consumers. Services produce intangible value like advice and knowledge. Manufacturing processes raw materials into finished goods. International trade exchanges goods and services between countries, affecting global supply and demand. Imports are goods brought from other countries while exports are domestically produced goods sold abroad.
The document outlines different types of industries including agribusiness, retail, services, manufacturing, and international trade. Agribusiness involves animal and plant production through livestock, poultry, and small entrepreneurs. Retail involves the direct sale of goods to consumers. Services produce intangible value like advice and knowledge. Manufacturing processes raw materials into finished goods. International trade exchanges goods and services between countries, affecting global supply and demand. Imports are goods brought from other countries while exports are domestically produced goods sold abroad.
The document outlines different types of industries including agribusiness, retail, services, manufacturing, and international trade. Agribusiness involves animal and plant production through livestock, poultry, and small entrepreneurs. Retail involves the direct sale of goods to consumers. Services produce intangible value like advice and knowledge. Manufacturing processes raw materials into finished goods. International trade exchanges goods and services between countries, affecting global supply and demand. Imports are goods brought from other countries while exports are domestically produced goods sold abroad.
TYPES OF INDUSTRIES Manufacturing is the processing of raw materials
1. AGRIBUSINESS into finished goods through the use of
Agriculture has been defined as the science and equipment, tools and processes. Manufacturing art of producing livestock and cultivating plants is process that allows enterprises to sell finished and animals. products at a price over the cost of the raw For animal production, there are two types materials used. that can be engaged to one is livestock and the 5. INTERNATIONAL TRADE other is poultry. These two are commonly International trade is the exchange of services engaged by the small entrepreneurs which and goods from one country to another. This provide livelihood that can provide income type of trade gives opportunity to a world and employment opportunities to poor economy, in which prices, or demand and households. supply, affect and are affected by global events. 2. RETAIL IMPORT Retail includes the sale of merchandise from a An import is a good or service that brought one point of purchase directly to a consumer from the other countries. The word "import" who tends to utilize that product. comes from the word "port" since goods are 3. SERVICE often travelled via ships or boats to foreign A service industry is any industry that produces countries. value that is primarily intangible such as advice, EXPORT consultation, customer service, knowledge, Exports are goods and services made in one management, data and experiences. country and sold to buyers in another. Exports 4. MANUFACTURING are important to modern economies, because they provide opportunities to people and firms many channels of distribution for their goods.