A country’s economy can be loosely divided into 3 sectors, where any given firm present within this economy can be labeled as belonging to one of these sectors.
The forestry sector, or as it is sometimes known the wood sector may not be as large as it once was, but it's still a significant component of the economy in a lot of places. Companies, which are usually private, are involved in such hobbies as logging, timber trade and the manufacturing of forest products. Some illustrations of companies engaged in the forestry sector include Weyerhaeuser and Louisiana-Pacific. Another large part of this industry is silviculture, which is primarily concerned about forest plants. Whilst silviculture is not directly related to extraction of wood, it is still grouped in the same sector. This sector can be categorized as belonging to the primary sector as it shows features of primary sector, the extraction of raw materials, in this case being the wood, that can then be utilised in the manufacturing of another item.
Robotics is a relatively young industry, but it is one of the quickest growing types of industry as well. Robotics is likewise a very appealing sector, with many experts working together to create technology that can help us live better lives. Robots are a type of a machine that have some autonomous abilities, meaning they don't need any outside control to act. The kinds of robots range extensively, from very easy machines that are programmed to do really basic and recurring jobs, to the most sophisticated ones that can self-learn and improve. Artificial intelligence, or AI, is the term most often connected with robotics. Artificial intelligence, displayed by machines, is frequently put into contrast with natural intelligence, which is displayed by humans. Specialists from such varied fields as engineering, genetics, IT and psychology all come together to work on assorted AI campaigns. There are a lot of private companies that encourage such projects, like Tecent and Nvidia for instance.
The financial services sector is a really significant one in any economy, and is usually labeled as belonging to the tertiary sector. The services and goods provided by businesses in the financial sector will naturally vary from country to country, but generally they will include the central bank, private banks, mortgage banks, insurance and pension funds amidst some others. These assorted financial institutions supply many different services to its clients, but one common denominator in all these kinds of services is that they deal with money in one form or another. Banks, like La Caixa and Banco of East China, make up a huge percentage of the financial sector in any country. The foremost function of any bank is to lend money and keep money of its clientele.