Question

Explain the types of production.

Answer 1

There are three types of production

1. Primary production
2. Secondary productiuon
3. Tertiary or service production

1. Primary Production:

• Primary production is industries are extracting the gifts of nature from the earth’s surface and Oceans.
• Ex: fishing, mining, agriculture.

2. Secondary Production:

• It is the manufacturing industry, conversion of raw material into finished good.
• Ex: Manufacture of clothes, cars and cheniicals.

3. Terticary production:

•  In the tertiary sector all those services which enable the finished goods to be put in the hands of consumers.
• Ex: Banking, transport and communications.