Categorizing Industries

Front

What activities are involved in an economy?

Back

Production, consumption, and trade of goods and services

Front

What does the term "industry" include?

Back

All businesses and factories that turn raw materials into goods or provide services

Front

What is the primary role of the agriculture industry as it relates to farming, forestry, and fishing?

Back

They provide raw materials.

Front

What happens to industries as the economy changes over time?

Back

They become less important and eventually decline.

Front

Which of the following is NOT a part of the service industry? Banking, Call centers, Factories, Lawyers

Back

Factories