Which industry has most money?

Which industry has most money?

Highest-Paying Industries

Highest Paying Industries Sort by: Wages: High to Low Wages: Low to High Industry: A to Z Industry: Z to A
Rank Industry Average Annual Wages
1 Portfolio Management $288,779
2 Investment Banking and Securities Dealing $279,480
3 Electronic Computer Manufacturing $246,419

What is the richest company on earth?

Published every year since 1995, Fortune’s annual Global 500 list ranks the world’s top corporations by revenue….Advertisement.

Rank 1
Company Apple
Country U.S.
Sector Technology
($ Bil.) 1,971

What are examples of conglomerates?

Several real-world examples of conglomerates will provide a good feel for this interesting model of doing business.

  • Honeywell: A Diverse Giant. Honeywell is a well-known industrial name.
  • Lockheed Martin: A Defense Industry Powerhouse.
  • The Walt Disney Company.
  • Google: Not Just a Search Company.
  • Samsung: It’s Everywhere.

Who is the largest employer in the world?


What is the importance of service industry?

The importance of service industries in the economy is that they contribute significantly to the domestic and global economy. Based on various research reports, 70 percent of the GDP in most countries result from service industries.

What are the types of service industry?

These include IT and ITeS, Tourism and Hospitality Services, Medical Value Travel, Transport and Logistics Services, Accounting and Finance Services, Audio Visual Services, Legal Services, Communication Services, Construction and Related Engineering Services, Environmental Services, Financial Services and Education …

What is the service industry called?

The service sector, also known as the tertiary sector, is the third tier in the three sector economy. Instead of the product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.

What are examples of industries?

Industry Examples

  • Aerospace & Defense.
  • Automotive & Transportation.
  • Heavy Equipment.
  • Industrial Manufacturing.
  • Consumer Products.
  • Energy.
  • Life Sciences.
  • Business.

What is industry and its types?

The industry refers to the production of finished goods from raw materials. It denotes the production activities of the business. A group of firms which produce the same goods and services are termed as an industry. The industry is a business which involves processing, raising, and producing goods.

What are the biggest conglomerates?

3M topped the 2019 ranking of the conglomerates with the highest market value worldwide, beating out major players such as Honeywell International, United Technologies Corporation (UTC), and Siemens.

What makes an industry?

An industry is a group of companies that are related based on their primary business activities. For example, while an automobile manufacturer might have a financing division that contributes 10% to the firm’s overall revenues, the company would be classified in the automaker industry by most classification systems.

What is service industry explain with example?

Service industries include everything else: banking, communications, wholesale and retail trade, all professional services such as engineering, computer software development, and medicine, nonprofit economic activity, all consumer services, and all government services, including defense and administration of justice.

What are the important industries?

Answer: The major industries in the Indian Economy are Iron & Steel, Textiles, Jute, Sugar, Cement, Paper, Petrochemical, Automobile, Information Technology (IT), and Banking & Insurance.

What is industry simple words?

An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. Industry comes from the Latin industria, which means “diligence, hard work,” and the word is still used with that meaning.

What is basic industry?

Basic or key industries are those which supply their products or raw materials to manufacture other goods e.g. iron and steel, copper smelting and aluminum smelting.

What do conglomerates do?

In a conglomerate, one company owns a controlling stake in smaller companies that each conduct business operations separately. The parent company can cut back the risks from being in a single market by becoming a conglomerate diversified across several industry sectors.

What is your industry?

You can think of industry as the category or general field in which you work. For example, sales is an industry; job titles under this category can include sales associate, sales manager, manufacturing sales rep and pharmaceutical sales. …

Why are conglomerates bad?

A conglomerate can often be an inefficient, jumbled affair. No matter how good the management team, its energies and resources will be split over numerous businesses, which may or may not be synergistic.

Which is the biggest industry in the world?

In a Deloitte industry outlook, the revenue of the global public cloud service, one of the fastest-growing branches of technology, is projected to reach $308 billion by 2021 and $354.6 billion by 2022. Artificial intelligence revenues on the other hand are expected to reach $100 billion in 2021.