Industrial Supply industrial supply

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Industrial Supply industrial supply

Industrial supply is divided into Primary Industry and Secondary Industry: a group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are customarily classified as primary, secondary; secondary industries are further classified as heavy and light.
Primary Industry:This sector of a nation's economy includes agriculture, forestry, fishing, mining, quarrying, and the extraction of minerals. It may be divided into two categories: genetic industry and extractive industry. The genetic industries include agriculture, forestry, and livestock management and fishing—all of which are subject to scientific and technological improvement of renewable resources. The extractive industries include the mining of mineral ores, the quarrying of stone, and the extraction of mineral fuels.

Secondary industry may be divided into heavy, or large-scale, and light, or small-scale, industry. Large-scale industry generally requires heavy capital investment in plants andmachinery, serves a large and diverse market including other manufacturing industries, has a complex industrial organization and frequently a skilled specialized labour force, and generates a large volume of output.Light, or small-scale, industry may be characterized by the nondurability of manufactured products and a smaller capital investment in plants and equipment.

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industrial supply