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Primary Industries: A large capital is generally required and therefore the industries may be owned by the Government. If natural resources are part of the industry, the Government must be careful not to deplete it. Labour will range from unskilled to skilled. If privately owned the entrepreneur stands to make big profits.

Secondary Industries: A large capital is generally required. These are generally large corporations. If Natural Resources are part of the industry, care must be taken not to deplete it. labour will range from unskilled to skilled. If privately owned the entrepreneur stands to make big profits.

Tertiary Industries: These are the service industries that support the primary and secondary industries. These generally exclude natural resources. The labour is semi-skilled upwards and depends on income.

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