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In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction.
Economic growth took place mostly in the mining, construction and manufacturing industries. In the economies of modern consumer societies, services, finance, and technology—the knowledge economy—play an increasingly significant role.
Millinery Department at the Lion Store of Toledo, Ohio, 1900s The Millinery Shop by Edgar Degas. Hat-making or millinery is the design, manufacture and sale of hats and other headwear. [1] A person engaged in this trade is called a milliner or hatter. Historically, milliners made and sold a range of accessories for clothing and hairstyles. [2]
Labour economics looks at the suppliers of labour services (workers), the demands of labour services (employers), and attempts to understand the resulting pattern of wages, employment, and income. In economics, labour is a measure of the work done by human beings.
The study of Engineering Economics in Civil Engineering, also known generally as engineering economics, or alternatively engineering economy, is a subset of economics, more specifically, microeconomics. It is defined as a "guide for the economic selection among technically feasible alternatives for the purpose of a rational allocation of scarce ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 10 December 2024. Process of building or assembling a building or infrastructure For other uses, see Construction (disambiguation). "Construction site" redirects here. Not to be confused with Construction Site (TV series). Construction site and equipment prepared for start of work in Cologne, Germany ...
The North American Industry Classification System or NAICS (/ n eɪ k s /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada , Mexico , and the United States of America .
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation.It is the essence of the secondary sector of the economy.