Quick Answer: What Are The 5 Industry Sectors?

What are the different types of industry sectors?

Industries and sectorsAgriculture; plantations;other rural sectors.Basic Metal Production.Chemical industries.Commerce.Construction.Education.Financial services; professional services.Food; drink; tobacco.More items….

What are the 11 sectors of the economy?

The order of the 11 sectors based on size is as follows: Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

How do you classify industries?

Industries can be classified into several groups: On the Basis of Strength of Labour:Large Scale Industry: … Medium Scale Industries: … Small Scale Industries: … Heavy Industries: … Light Industries: … Private Sector Industries: … Public Sector Industries: … Joint Sector Industries:More items…•Nov 25, 2014

What is the largest industry sector in the world?

Services Sector : Services sector is the largest sector of the world as 63 percent of total global wealth comes from services sector. United States is the largest producer of services sector with around 15.53 trillion USD….See Also:Country/EconomyWorldAgriculture% of GDP6.4IndustryGDP23,835,000% of GDP3028 more columns•Nov 20, 2018

What are the 5 largest industries in the world?

Global Biggest Industries by Revenue in 2021Global Commercial Real Estate. … Global Car & Automobile Sales. … Global Car & Automobile Manufacturing. … Global Direct General Insurance Carriers. … Global Commercial Banks. … Global Oil & Gas Exploration & Production. … Global Auto Parts & Accessories Manufacturing. … Global Tourism.More items…

What is the 1st sector?

The three sectors are not always neatly differentiated. However 1st sector = public sector = publically owned or state owned; example = local government, NHS etc. 2nd Sector = private sector = privately owned (although maybe publically listed) and usually run for profit example = Virgin, Amazon etc.

What are the major types of industries?

19 Types of Business Industries – Different types of Industry Aerospace Industry. Transport Industry. Computer Industry. Telecommunication industry. Agriculture industry. Construction Industry. Education Industry. Pharmaceutical Industry.More items…•May 11, 2020

What is the fastest growing industry in America?

Industries with the fastest growing and most rapidly declining wage and salary employmentIndustry DescriptionSectorCompound Annual Rate of Change2019 – 2029Fastest GrowingForestryAgriculture, forestry, fishing and hunting3.7Individual and family servicesHealth care and social assistance3.440 more rows•Sep 1, 2020

What industry is the largest employer in the US?

In 2020, the education and health services industry employed the largest number of people in the United States. That year, about 34.1 million people were employed in the education and health services industry.

What are the six industries?

A quick glance at six industries — chemicals, retail banking, consumer packaged goods, engineered products and services, oil and gas, and technology — illuminates their overlapping challenges and the range of strategic responses that are taking shape.

Which industry makes the most money?

Financial Services1. Financial Services. The financial service industry has created the most number of millionaires since modern times, according to the Wealth Report. A lot of money is made in the business of money.

What are the 5 sectors of the economy?

Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and QuinaryPrimary activities. … Secondary activities. … Tertiary activities. … Quaternary activities. … Quinary activities.

What are the 5 job sectors?

Terms in this set (7)economic sectors. division of a country’s population based upon the economic area in which that population is employed.primary. agriculture, mining, resource industries.secondary. manufacturing, engineering, construction.tertiary. … Quaternary. … quinary. … BRICS.

What is the largest sector of the US economy?

Real Estate, renting, and leasing constitutes the largest sector of the United States’ economy with the GDP value added of $1.898 trillion accounting for 13% of the national GDP.

What is the largest business in the world?

WalmartListRankNameIndustry1WalmartRetail2Sinopec GroupOil and gas3State GridElectricity48 more rows