The document discusses different types of industries and their characteristics. It outlines four main types of industries: primary involving raw material extraction, secondary involving manufacturing, tertiary involving services, and quaternary involving specialized R&D and IT. Industries can be formal or informal depending on the individual's skill set and whether they work in primary, secondary, or tertiary industries. The document also notes both positive impacts of industries like job creation and revenue as well as negative impacts such as pollution, land reduction, and revenue outflows. It concludes by listing some industry-related terms and highlighting manufacturing and hi-tech as examples of industries.
6. PRIMARY- extracting raw materials
SECONDARY- manufacturing
TERTIARY- service industry
QUATERNARY- highly specialized industry-
R&D and Information and communication
technology
8. Based on the type of industry a person works
in.primary, secondary or tertiary
Can be Formal or Informal
Depends on the skill set of an individual.
11. Positive
Generates employment
Helps increase the revenue
Helps develop infrastructure
Helps improve international relations- role of
MNCs/TNCs
Negative
Pollution (air, water, visual)- acid rain
Reduction in agricultural land
Outflow of revenue- MNCs/TNCs
