Module 4 Economics

SUBJECT: Applied Economics
STUDENTS LEARNING MODULE

S.Y. 2023-2024 MODULAR DISTANCE LEARNING.
SUBJECT TEACHER: Jay C. Calipayan CN-09262470519
Module 4
TYPES OF INDUSTRIES
Learning Competency: Apply business principles, tools, and techniques in participating in various types of industries in the
locality
Businesses are grouped into industries. Industries, on the other hand, are grouped into sectors. Labels for the main economic
sectors may differ across economies but categories will generally correspond to primary, secondary, and tertiary sectors.
Businesses in your locality fall into one of these categories.
CLASSIFICATION OF INDUSTRY
PRIMARY Extracting raw materials from natural resources. Mining activities, fishing, forestry and
agriculture
SECONDARY Processes the raw materials into goods through Mining and quarrying, manufacturing,
manufacturing. construction, electricity, gas, and water
supply
TERTIARY Marketing and selling of raw and manufactured goods Transportation, finance, utilities, retail,
housing, banking, and other services.
QUATERNARY Dramatic growth of this new sector. Working with ICT Industries, R & D- e.g. Synergy
creation and transfer of information (ICT, media
sharing) including research and development. As well
as knowledge-based services like consultation.
QUINARY Control the industrial and government decision-making Government owned controlled
processes include industry executives and management corporation executives.
and bureaucrats and elected officials in government.
The following are major industries in the Philippines:
AGRIBUSINESS- a business that earns most or all of its revenues from agriculture. An agribusiness tends to be large scale
operations and deals with farming, processing and manufacturing, packaging, and distributing agricultural products.
List of Agribusiness in the Philippines:
* Hog/Pig Raising * Rice Farming * Poultry farming *

Vegetable Farming
* Cattle Raising * Corn Farming * Goat Raising
MANUFACTURING- this is the process of converting raw materials, components, or parts into finished goods that meet a
customer’s expectations. There are many laws and regulations that govern the manufacturing industry. The business will be
required to conform to all the licensing bodies may it be the government or the local authority’s requirements. Manufacturing
industries can be further divided into two major industry groups based on the weight of output-heavy or light manufacturing. The
heavy manufacturing industry groups typically include textile manufactures and fabricated metal and steel products. In contrast,
light manufacturing is composed of relatively easier-to-transport products such as household food products and plastic products.
Some of the best small manufacturing businesses that can be carried out at your residence:
 Furniture Making
 Drinking Water Business
 Soap Manufacturing Business
 Commercial bread Making
RETAIL and SERVICES
Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit
and usually it’s done directly to its final consumer. Recently, online retailing, a type of electronic commerce used for business-to-
consumer transactions and mail order, are forms of non-shop retailing.
Types of Retail Products:

 Food products
 Hard goods or durable goods- automobiles, appliances, electronics, furniture, etc
 Soft goods or consumables- clothing, cosmetics, medicines, etc.
 Arts- contemporary art galleries, bookstores, gift shops, etc.
1
NAME:____________________________YR./SECT.________________
SUBJECT: Applied Economics__________ SCORE: ______________
S.Y. 2023-2024 MODULAR DISTANCE LEARNING.
SUBJECT TEACHER: Jay C. Calipayan CN-09262470519
ACTIVITY 1:
MULTIPLE CHOICE
Direction: Read the statement and write the letter of the correct answer before the number.
___1. The process of selling goods and services through sales channel to reach its consumers
a. barter b. discounts c. retail d. trade
___2. This industry is involved in information technology business
a. Primary Industry b. Secondary Industry c. Tertiary Industry d. Quaternary Industry
___3. This industry provides a wide range of personal and professional services to consumers
___4. This industry take raw materials from earth and sell it for use or undergo manufacturing process
___5. Internet provider, janitorial services, and health care services are part of this industry
ACTIVITY 2: S.W.O.T ANALYSIS

Direction: Identify the Strengths, Weaknesses. Opportunities, and Threats of your own business.
NAME OF BUSINESS:
STRENGHTS OPPORTUNITIES
WEAKNESSES THREATS
STRATEGY:
Prepared by:
JAY C. CALIPAYAN, LPT
Subject Teacher

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Module 4 Economics

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SUBJECT: Applied Economics

STUDENTS LEARNING MODULE

List of Agribusiness in the Philippines:

* Hog/Pig Raising * Rice Farming * Poultry farming *

Types of Retail Products:

ACTIVITY 2: S.W.O.T ANALYSIS

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