Types Of Production in Business
The Three Types Of Production Are;
- Primary Production
- Secondary Production
- Tertiary Production
- Primary Production – is the extraction of basic materials provided by nature, either above or below the earth surface. the extractive industries are: Farming , Fishing and Mining. without these, production would not take place. Agriculture is an important primary production in the Caribbean.
- Secondary Production – These industries take raw materials obtained by the extracted industries and change them into products such as fishing goods , office supplies etc.
- Tertiary Production – These finished products must be transported, stored insured adverted and sold by traders. this is what makes up the Tertiary Production.