Industries and Specialties

Careerprise's trade mark

WorldOpp Pipeline

Industries and Specialties is the second lectio (or lesson part) in the Introduction to Employment lesson. The lesson itself is the second in CNM Cyber Orientation. Consequently, the Orientation is the first stage of WorldOpp Pipeline.

This wikipage presents its full script and those test questions that are related to that lectio.

Script

Overview

Welcome to Industries and Specialties. In this presentation, we are going to take a look at the basic concept of Economy, Economy Segment in terms of Enterprise sectors further moving on to Industry, highlighting Industries or Industrial Classifications and Specialties. Let's begin.

Economy

Economy is the system of human production and consumption of raw materials, goods, and services, which may range from the prosperity of a single household to the wealth of nations. The term, economy, may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, etc. Overall it is the state of a region in terms of production and consumption of goods and services and the supply of money, also dealing with careful management of all these resources. The Three-Sector model divides the economy into three sectors of activity also known as Economic sectors.

Economy Segment

It is an area of economy. Economy segment refers to the nature and direction of the economy in which a company competes or may compete. Two major conventional classifications divide enterprise depending on

1. Their Ownership
   1. Public Sector
   2. Private Sector
   3. Non-Profit Sector.
2. Products they produce
   1. Primary Sector
   2. Secondary Sector
   3. Tertiary Sector and optionally
   4. Quaternary Sector

This classification also fits into economic phases of precedence, since lower levels of the economy emerged before higher levels and higher levels depend on lower ones. However, every enterprise usually produces some mix of products, so it can belong to several segments

Both classifications use the term sector . Neither of the classifications takes single households into account.

Primary Sector

Primary sector (primary degree of the economy, primary stage of the economy) is the economy segment that groups those enterprises that extract from nature, renew, and pre-process those raw materials or substances such as agriculture and mining products that the manufacturing industry will further process to create those goods and services that can be eventually consumed by end-users. Mainly, it deals with the production of raw materials.

Secondary Sector

Secondary sector (secondary degree of the economy, secondary stage of the economy). The economy segment that groups those enterprises that produce physical goods to be eventually consumed by end-users. Mainly, it deals with carrying out the manufacturing.

Tertiary Sector

Tertiary sector (tertiary degree of the economy, tertiary stage of the economy). The economy segment that groups those enterprises that produce physical, non-digital services such as retail, tourism, traditional banking, entertainment, etc. Mainly, it deals with providing sales and services.

Quaternary Sector

Quaternary sector (quaternary degree of the economy, quaternary stage of the economy). One of two:

1. The economy segment that groups those enterprises that produce digital products; OR
2. The economy segment that groups those enterprises that do research and design new products.

Mainly, it includes knowledge-oriented economic sector such as information technology,media, research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, education, financial planning etc.

Industry

The part of any economy segment that groups those enterprises that create a particular type of product. A group of companies that are related based on their primary business activities form an industry.