1. How is industry like a house? (industry is the making of goods or the providing of services.)

2. A. Simile - How is industry like a house? The lowest level is a foundation, and each level above builds up on the one below.

3. Types of Industry - BP#45 B. What is an industry? An industry is the making of goods or the providing of services. Industrial means having to do with making goods. Industrial means having to do with making goods. Societies organize the production and distribution of goods and services to meet their needs. Societies organize the production and distribution of goods and services to meet their needs. There are five major types of industries. There are five major types of industries.

4. Types of Industry - BP#45 C. What are the major types of industries? AMWRS AMWRSOr SWARM (Daelan) SWARM (Daelan) 1. Agricultural 2. Manufacturing 3. Wholesale 4. Retail 5. Service

5. Types of Industry - BP#45 D. What are examples of the different types of industries? 1. Agricultural - art and science of crop and livestock production; from nature Examples: a. Foods b. Fibers (vegetable, animal, wood, mineral) c. Fuels (biofuels, fossil fuels, nuclear fuels) d. Raw Materials – naturally occurring minerals and other objects

6. Types of Industry - BP#45 D. What are examples of the different types of industries? 2. Manufacturing - making of raw materials into goods the largest wealth-producing industry the largest wealth-producing industry uses the largest amount of labor uses the largest amount of laborExamples: a. Engineering b. Construction c. Electronics d. Chemicals e. Energy f. Textiles (cloth) g. Food and beverage h. Metalworking i. Plastics

7. Types of Industry - BP#45 D. What are examples of the different types of industries? 3. Wholesale - buying and selling of large quantities of goods for the purpose of re-selling to retailers and/or individuals Examples: a. Sam’s Club b. Costco c. Walmart (on some items)

8. Types of Industry - BP#45 D. What are examples of the different types of industries? 4. Retail – selling second largest industry second largest industry most direct link to consumers most direct link to consumers can be divided into 2 categories – wholesale & specialty can be divided into 2 categories – wholesale & specialty Specialty Examples: a. Gap b. McDonald’s c. Best Buy d. Kroger e. Movie Theatre

9. Types of Industry - BP#45 D. What are examples of the different types of industries? 5. Service – industries that create and provide something done for someone Not goods Not goodsExamples: a. Health care b. Schools c. Information technology d. Maintenance and repair services e. Banking/Finance

10. E. Summary – Cloze It! Societies organize the production and distribution _________ to __________ needs. Our world has organized __ types of industry. Industry is _____. The first is ____. This means ____. Second is ______. This means ____. Third is ______. This means ____. Fourth is ______. This means ____. Lastly, fifth is ______. This means ____.

11. Identify the Type of Industry