HBM Unit 1 - Role of Business

Sectors of Industry

There are 4 Sectors of Industry:

• Primary
• Secondary
• Tertiary
• Quaternary

All Sectors of Industry end in '-ry', just like 'Industry' does

Primary Sector

The primary sector of industry involves businesses which extract natural goods from the earth. Products from the primary sector can be sold to the secondary sector.

Example of Primary Sector Businesses:

• Fisherman (fish, shellfish)
• Farmers (wheat, meat, fruit)
• Oil Drilling (oil, gas)
• Coal Miners (coal)
• Foresters (wood)

Secondary Sector

The secondary sector of industry involves businesses that manufacture things. The Secondary Sector uses the good extracted in the Primary Sector. These goods are manufactured into things consumers want.

Examples of Secondary Sector Businesses:

• Shipbuilding (ships)
• Construction (houses)
• Factories (clothes)
• Weavers (Harris Tweed)

Weavers

Weavers

Tertiary Sector

The tertiary sector of industry involves providing a service, rather than producing goods.

Examples of Tertiary Sector Businesses:

• Shops
• Hotels
• Window Cleaners
• Hairdressers
• Banks

Quaternary Sector

The quaternary sector of industry involves providing support. It is an information-based sector.

Examples of Quaternary Sector Businesses:

• IT Consultants
• Accountants
• Media Bodies
• Education
• Market Research Companies.

Changes in UK Sectors of Industry

• There has been a decline in the manufacturing industries in the Secondary Sector in industries such…