Industry Albany

The term „industry“ describes the manufacturing of goods or services within one certain sector. Usually it is brought into connecting with the manufacturing of raw materials into products. There are four economic sectors in the industry: the primary sector of raw material extraction (farming, mining), the secondary sector of manufacturing and construction, the tertiary sector of services (e.g. medicine) and distribution (logistics), and the quaternary sector of technological development (for example computer programming). Industries can also be distinguished by whether they belong to the public sector (governmental production) or the private sector, whereas most industries are privately owned.