Three cool types of business sectors to learn a little more on

There are lots of ways by which you can categorize a business, but among the most common ways is by what type of good or service it produces.

Robotics is a fairly young sector, but it's one of the fastest thriving types of industry as well. Robotics is also an extremely fun field, with various specialists working together to develop technology that can help us live better lives. Robots are a kind of a machine that have some independent abilities, meaning they don't need any external control to act. The types of robots vary extensively, from extremely basic machines that are programmed to do very basic and recurring activities, to the most state-of-the-art ones that can self-learn and develop. Artificial intelligence, or AI, is the term most often associated with robotics. Artificial intelligence, exhibited by machines, is often put into distinction with natural intelligence, which is demonstrated by humans. Specialists from such varied areas as engineering, genetics, psychology and IT all come together to work on numerous AI initiatives. There are a lot of private businesses that support such projects, like Tecent and Nvidia for instance.

The financial services field is a really significant one in any economy, and is generally classified as belonging to the tertiary sector. The services and goods offered by businesses in the financial field will naturally change from country to country, but at large they will feature the central bank, private banks, mortgage banks, insurance and pension funds amongst some others. These assorted financial institutions supply many different services to its clients, but one common denominator in all these varieties 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 nation. The principal function of any bank is to lend money and keep money of its customers.

The forestry industry, or as it is sometimes known the wood sector may not be as big as it once was, but it's still an important component of the economy in lots of countries. Companies, which are generally private, are involved in such pursuits as logging, timber trade and the manufacturing of forest products. A few illustrations of companies included in the forestry sector feature Weyerhaeuser and Louisiana-Pacific. Another big part of this sector is silviculture, which is particularly concerned with forest plants. Though silviculture is not directly relevant to extraction of wood, it is still grouped in the same sector. This field can be labeled as belonging to the primary sector as it shows features of primary sector, the extraction of raw materials, here being the wood, that can then be utilized in the production of another product.

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