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Industry refers to the production of an economic good or service within an economy.
There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction, and manufacturing; the tertiary sector, which deals with services (such as law and medicine) and distribution of manufactured goods; and the quaternary sector, a relatively new type of knowledge industry focusing on technological research, design and development such as computer programming, and biochemistry. A fifth, ''quinary'', sector has been proposed encompassing nonprofit activities. The economy is also broadly separated into public sector and private sector, with industry generally categorized as private. Industries are also any business or manufacturing. Industries can be classified on the basis of raw materials,size and ownership.
Industry in the sense of manufacturing became a key sector of production and labour in European and North American countries during the Industrial Revolution, which upset previous mercantile and feudal economies through many successive rapid advances in technology, such as the steel and coal production. It is aided by technological advances, and has continued to develop into new types and sectors to this day. Industrial countries then assumed a capitalist economic policy. Railroads and steam-powered ships began speedily establishing links with previously unreachable world markets, enabling private companies to develop to then-unheard of size and wealth. Following the Industrial Revolution, perhaps a third of the world's economic output is derived from manufacturing industries—more than agriculture's share.
Many developed countries and many developing/semi-developed countries (People's Republic of China, India etc.) depend significantly on industry. Industries, the countries they reside in, and the economies of those countries are interlinked in a complex web of interdependence.
Industry is divided into four sectors. They are:
| !Sector | !Definition |
| Primary | This involves the extraction of resources directly from the Earth, this includes farming, mining and logging. They do not process the products at all. They send it off to factories to make a profit. |
| Secondary | This group is involved in the processing products from primary industries. This includes all factories—those that refine metals, produce furniture, or pack farm products such as meat. |
| Tertiary | This group is involved in the provision of services. They include teachers, managers and other service providers. |
| Quaternary | This group is involved in the research of science and technology. They include scientists. |
As a country develops people move away from the primary sector to secondary and then to tertiary.
There are many other different kinds of industries, and often organized into different classes or sectors by a variety of industrial classifications.
Industry classification systems used by the government commonly divide industry into three sectors: agriculture, manufacturing, and services. The primary sector of industry is agriculture, mining and raw material extraction. The secondary sector of industry is manufacturing. The tertiary sector of industry is service production. Sometimes, one talks about a quaternary sector of industry, consisting of intellectual services such as research and development (R&D).
Market-based classification systems such as the Global Industry Classification Standard and the Industry Classification Benchmark are used in finance and market research. These classification systems commonly divide industries according to similar functions and markets and identify businesses producing related products.
Industries can also be identified by product: chemical industry, petroleum industry, automotive industry, electronic industry, meatpacking industry, hospitality industry, food industry, fish industry, software industry, paper industry, entertainment industry, semiconductor industry, cultural industry, poverty industry
A recent trend has been the migration of prosperous, industrialized nations toward a post-industrial society. This is manifested by an increase in the service sector at the expense of manufacturing, and the development of an information-based economy, the so-called informational revolution. In a post-industrial society, manufacturing is relocated to economically more favourable locations through a process of off-shoring.
The major difficulty for people looking to measure manufacturing industries outputs and economic effect is finding a measurement which is stable historically. Traditionally, success has been measured in the number of jobs created. The lowering of employee numbers in the manufacturing sector has been assumed to be caused by a decline in the competitiveness of the sector. The truth however is that it has been caused by the introduction of the lean manufacturing process. Eventually, this will lead to competing product lines being managed by one of two people, as is already the case in the cigarette manufacturing industry.
Related to this change is the upgrading of the quality of the produce being manufactured. While it is easy to produce a low tech, low skill product, the ability to manufacture high quality products is limited to companies with a high skilled staff.
ISIC Rev.4 is a standard classification of economic activities arranged so that entities can be classified according to the activity they carry out. The categories of ISIC at the most detailed level (classes) are delineated according to what is, in most countries, the customary combination of activities described in statistical units, and considers the relative importance of the activities included in these classes.
While ISIC Rev.4 continues to use criteria such as input, output and use of the products produced, more emphasis has been given to the character of the production process in defining and delineating ISIC classes.
| +Industrial output in 2010 (Nominal) | ! Rank | ! Country | ! Output in billions of US$ |
| style="text-align:left;" | |||
| +Industrial output in 2010 (PPP) | ! Rank | ! Country | ! Output in billions of US$ |
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This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
| Region | Western philosophy |
|---|---|
| Era | Contemporary |
| Color | lightsteelblue |
| Name | Jeremy Rifkin |
| Birth date | January 26, 1945 |
| Birth place | Denver, Colorado |
| Main interests | Economy, political science, scientific and technological change |
| Notable ideas | Empathic Civilization, The Third Industrial Revolution, End of the working society |
| Alma mater | University of Pennsylvania; Tufts University |
| Signature | }} |
In 1973, Mr. Rifkin organized a mass-protest against oil companies at the commemoration of the 200th Anniversary of the Boston Tea Party at Boston's Harbor. Thousands joined the protest, as activists dumped empty oil barrels into Boston's Harbor. The protest came in the wake of the increase in gasoline prices in the fall of 1972, following the OPEC oil embargo-
In 1977, with Ted Howard, he founded the Foundation on Economic Trends; he currently works out of an office in Bethesda, Maryland, a suburb of Washington, D.C.The Foundation on Economic Trends (FOET), is active in both national and international public policy issues related to the environment, the economy, and climate change. FOET examines new trends and their impacts on the environment, the economy, culture and society, and engages in litigation, public education, coalition building and grassroots organizing activities to advance their goals.
Jeremy Rifkin is the principal architect of the Third Industrial Revolution long-term economic sustainability plan to address the triple challenge of the global economic crisis, energy security, and climate change. The Third Industrial Revolution was formally endorsed by the European Parliament in 2007 and is now being implemented by various agencies within the European Commission. Jeremy Rifkin has lectured before many Fortune 500 companies, and hundreds of governments, civil society organizations, and universities over the past thirty five years [3
Jeremy Rifkin is the founder and chairperson of the ''Third Industrial Revolution Global CEO Business Roundtable'', comprising more than 100 of the world's leading renewable energy companies, construction companies, architectural firms, real estate companies, IT companies, power and utility companies, and transport and logistics companies. Rifkin's global economic development team is working with cities, regions, and national governments to develop master plans to transition their economies into post- carbon Third Industrial Revolution infrastructures. In 2009, Rifkin and his team developed Third Industrial Revolution master plans for the cities of San Antonio, Texas and Rome, Italy, to transition their economies into the first post carbon urban areas in the world.
In 1988, Rifkin brought together climate scientists and environmental activists from 35 nations in Washington, D.C. for the first meeting of the Global Greenhouse Network. In the same year, Rifkin did a series of Hollywood lectures on global warming and related environmental issues for a diverse assortment of film, television and music industry leaders, with the goal of organizing the Hollywood community for a campaign. Shortly thereafter, two Hollywood Environmental Organizations, Earth Communications Office (ECO), and Environmental Media Association, were formed.
In 1992, Rifkin launched the Beyond Beef Campaign, a coalition of six environmental groups including Green Peace, Rainforest Action Network, and Public Citizen, with the goal of encouraging a 50% reduction in the consumption of beef, arguing that methane emissions from Cattle has a warming effect 23 to 50 times greater than carbon dioxide.
Since 1994, Rifkin has been a senior lecturer at The Wharton School's executive education program at the University of Pennsylvania, where he instructs CEOs and senior corporate management from around the world on new trends in science and technology.
After the publication of ''The Hydrogen Economy'', Rifkin worked both in the U.S. and Europe to advance the political cause of renewably generated hydrogen. In the U.S., Rifkin was instrumental in founding the Green Hydrogen Coalition, consisting of thirteen environmental and political organizations (including Greenpeace and MoveOn.Org) that are committed to building a renewable hydrogen based economy.
Rifkin's work has also been controversial, and opponents have attacked the scientific rigor of his claims as well as some of the tactics he uses to promote his views.Stephen Jay Gould characterised Rifkin's 1983 book ''Algeny'' as "a cleverly constructed tract of anti-intellectual propaganda masquerading as scholarship".
A 1989 ''Time'' article about Rifkin entitled "The Most Hated Man in Science," stated that "[he] has forced the Government to establish regulatory pathways for some genetically engineered products and clarify practices for others."
Category:1945 births Category:American business theorists Category:American business writers Category:American economics writers Category:American economists Category:American non-fiction environmental writers Category:American technology writers Category:American Jews Category:Living people
cs:Jeremy Rifkin de:Jeremy Rifkin et:Jeremy Rifkin es:Jeremy Rifkin fr:Jeremy Rifkin ko:제러미 리프킨 it:Jeremy Rifkin pl:Jeremy Rifkin pt:Jeremy Rifkin sk:Jeremy Rifkin fi:Jeremy Rifkin sv:Jeremy RifkinThis text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
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