OCCUPATION & CLASSIFICATIONS.
Hey Guys,
Hope you all had a Wonderful weekend? Cos I did, it’s still good to be back
today. So let’s get started on our topics for today.
OCCUPATION:
Occupation is
any Economic Activity which people engage in, to create Goods & Services in
order to make a Living. In Order words, what a person engages in, to make money
as a Salary or Wage. For example, Teaching by Teachers, Banking by Bankers,
Selling by Traders and Business People etc.
CLASSIFICATIONS OF OCCUPATION.
Occupation
can be classified into three main groups namely:
1. Industry
2. Commerce
3. Services.
INDUSTRY.
This is all
the Segments involved in Producing a Good or Service housed under one Umbrella.
In Order words, it can be defined as all that concerns the Physical Production
of Goods & Services, which include-Extracting Raw Materials and the