In the next paragraphs we will look at a number of the most usual kinds of firms and organizations found in any country.
Transportation of goods has always been an integral part of the world’s economy. Like some other types of industry, the transportation business is very reliant on the advancement of technology. Ships for instance have been used to transport goods for centuries, and over this time floating vessels have evolved from fairly primitive and small ships that were at the mercy of the weather conditions to the massive cargo, or freight, ships of today that can deliver products securely to any place across the world. Today, transportation by ships is given by numerous businesses, like CMA CGM and Mediterranean Shipping Company as an example. The shipping industry is very crucial because it supports many other business industries. Transportation industry belongs to the tertiary field of the economy, since it does not produce any tangible goods but alternatively provides a service. Diverse kinds of firms specialize in different forms of transportations – there are some that deal with the movement of people traveling, animals, or goods to be sold in diverse countries. Apart from ships, airplanes and trains are also widely used to transport all of the things mentioned above.
Banks are financial institutions which serve a major role in the economy of a country. They are generally involved in the borrowing and lending of money as well as numerous other services. Banks have an extremely long history. The first prototypes of contemporary banks were perhaps temples, where individuals chose to keep their money as they were seen as pretty protected places. Today, banks do far more than just keep your money secure. They can also offer their customers interests on their deposits; they lend money to companies as well as private individuals; and they also offer financial assistance as well as other related financial services such as insurances and pension schemes. Today we can see many examples of modern banks such as La Caixa and Banco of East Asia. Banks are the perfect illustration of the tertiary sector since they offer different types of services to its clients.
The construction sector is very large and includes companies that do a huge variety or jobs. A few of the most popular tasks include designing, building, and finally maintaining the infrastructure. The construction industry might be more or less divided into 3 types of industries. Heavy construction entails the construction of large items such as roads and bridges; companies involved in the general construction business build items such as residential and commercial real estate; and specialized construction businesses are involved in the creating of wooden and electric elements utilised in the construction of buildings or larger objects which are supervised by the first 2 forms of construction industries. General construction firms normally make up the bigger portion of the entire construction field, with instances such as NCC and Skanska.