Fast Moving Consumer GoodsThe production and marketing of goods that are quickly consumed such that people need to buy regularly such as food, cosmetics, toiletries and candy. The fast moving consumer goods industry is dominated by large brands with extensive manufacturing and logistics capabilities.
ConstructionThe construction of houses, buildings and other structures such as transportation infrastructure.
MaterialsThe production of raw materials that are finished enough to be used. For example, production of wood products such as 2x4s that are directly purchased by contractors and consumers.Heavy industry is the construction of large facilities such as a hydroelectric dam and the manufacturing of large products such as aircraft.
Food IndustryThe production of food and beverage products such as a bakery or brewery.
CraftProduction by hand such as a craftsperson who produces handmade traditional jewelry.
Advanced ManufacturingAdvanced manufacturing such as 3d printing and mass customization.
Three LevelsThe three basic levels of the economy:
The production of basic materials including mining, forestry and fishing.
Production of a finished product including manufacturing, craft and construction.
The delivery of intangible value such as service, entertainment and education.
|Overview: Secondary Industry|
An industry that takes raw materials as an input and creates finished products as an output.
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