What's included in the mining, oil & gas extraction industry?
A fortnight ago, I wrote an article, How to do industry analysis, where I covered the steps in writing industry analysis. Today, we will see, different stages in industry life cycle. There are stages in everybody's life like childhood, adult, middle age and then old age. Likewise, there are four stages in every industry's life cycle.A primary industry is one that cultivates/exploits natural resources, such as agriculture or mining. A secondary industry takes the outputs of primary industries and converts them to consumer and capital goods. Ex: textiles, electronics A tertiary industry is in the service sector of .