Occupation, Industry, Commerce, and Services

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18 Terms

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Occupation

Any economic or productive activities which people engage in to create and procure goods and services in order to make a living and satisfy their numerous wants.

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Industry

All activities geared towards the physical production of goods through extraction, manufacturing, and construction, including changing raw materials into finished components or assembling parts into usable forms.

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Industrial Occupation

An occupation involving the physical production of goods, the extraction and processing of raw materials into finished or semi-finished products, or the assembling of component parts together into an organized whole.

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Extractive Occupation

The primary stage of production concerned with obtaining raw materials and natural resources directly from the soil or sea, such as farming, fishing, mining, quarrying, forestry, and hunting.

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Manufacturing Occupation

Activities concerned with processing and turning raw materials produced by primary industry into finished products to add value and utility, such as shoe making, food processing, and textile processing.

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Constructive Occupation

Activities concerned with assembling manufactured goods into usable form and converting manufactured products into various uses, including the construction of roads, bridges, airports, and houses.

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Commerce

All activities involved in the distribution and exchange of goods and services that enable produced goods to reach the final consumers.

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Commercial Occupation

Activities pursued by people involved in the buying, selling, distribution, and exchange of goods and services produced by the industrial sector.

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Trading

The commercial act of buying and selling goods and services, categorized into domestic trade (wholesaling and retailing) and foreign trade (importing and exporting).

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Auxiliaries to Trade

Support services that ensure the effective and efficient distribution of goods and services, including transportation, banking, insurance, tourism, warehousing, communication, and advertising.

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Insurance (Commercial)

A commercial occupation undertaken by brokers, underwriters, and agents to protect individuals and businesses against risk in their day-to-day operations.

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Banking (Commercial)

A commercial occupation involving workers who assist others with funds for daily needs, offer saving facilities, and provide capital for industrial activities.

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Advertising

The commercial activity of providing information and creating awareness about the existence of a product to potential buyers.

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Transportation

The commercial activity concerned with moving goods and services to where they are needed, operated by workers such as drivers, pilots, and sailors.

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Warehousing

The commercial activity that ensures goods produced are safely stored until needed for consumption in order to maintain a steady market supply.

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Tourism

A commercial occupation concerned with creating and operating tourist attractions in different tourist centres, such as national park guides.

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Communication

Activities that promote the rapid transmission of messages between senders and receivers or from place to place, including telephone operators and courier service providers.

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