A basic industry is an industry that focuses on the production of products and services for export, rather than for domestic sales and circulation. Such industries play a key role in their regional economies and sometimes occupy an outsized portion of the market share. This can create problems in the event of a failure of an export industry, or when political situations change and limit the market for exported goods. Most nations maintain statistics on their import and export activities, and keep a close eye on their basic industries. How many jobs are available in basic industries.
The enormous number of jobs available in Basic Industries is because Basic Industries is a large field, consisting of individual industries that have one thing in common which is the fact that the goods that they produce are used as raw materials in other industries to be converted into end products or commodities.
What are Basic Industries?
Basic industries are the industries that are involved in the finding or development, extraction, processing, and distribution of raw materials for other manufacturing industries. Basic industries are at the base of a strong economy since this is where the cycle of production begins.
Types of Basic Industries and Jobs available.
The most common categories of basic industries are as follows:
1. Agricultural Industry
Agricultural Industry is a major industry in almost all the nations of the world and is the primary source of all raw materials. Farmlands produce and harvest agricultural crops, vegetables, meat, dairy products, and other raw materials which are then delivered to the non-agricultural industries of the economy. Moreover, commercial agriculture is intended for exporting rather than consumption.
Jobs available in Agriculture Industry
2. Forestry Industry
The forestry industry is another important industry in a country’s economy. Forests have an intrinsic value in themselves, and they also help to regulate the ecosystem and the climate cycle. However, their role as a basic industry is equally vital since many raw materials like timber, medicinal plants, fuelwood, etc. are obtained from forests. The jobs in the forestry sector are found in the planting and management of forests and the harvesting and distribution of raw materials.
Jobs available in Forestry Industry
3. Oil and Gas Industry
The Oil and Gas Industry needs no introduction since it has been the basis of the industrialization that started in the 19th century and has led to this advanced economy that we live in. The raw materials of the Oil and Gas Industry, which are petroleum products, natural gases, etc. are important in almost all other manufacturing industries. The Oil and Gas Industry functions on three levels- Upstream, mid-stream and down-stream, and thus, jobs available are available at several companies working on each level. Companies at the Upstream level are responsible for locating, extracting, or producing oil or gas. Companies at the Mid-stream level are responsible for transporting and storing. Companies in the Down-stream level are responsible for refining the oils and gases to be converted into usable raw materials like gasoline, petrol, diesel, etc.
Jobs available in the Oil and Gas Industry
4. Paper and Pulp Industry
Although the paper and pulp industry uses forest-based products as raw materials from the forestry industry, the goods that they produce like different types of paper, paperboards, pulp, etc. are used in many other industries for several purposes like publication, packaging, cleaning, tissues, etc.
Jobs available in the Paper and Pulp Industry
5. Steel Industry
Steel is quite literally one of the backbones of a country’s infrastructure and economy and thus, it is a critical basic industry. An alloy of carbon and steel, the making of steel in factories and mills is a very specialized task that requires both experts and manpower.
Jobs Available in the Steel Industry
High-Paying Jobs in the Basic Industries
Some of the high-paying jobs in the Basic Industries are:
Material Scientists ($83,000/year):
Material Scientists understand the physical and chemical characteristics of artificial as well as natural materials. Materials scientists work in labs where they study analyze and innovate materials to be used as raw materials.
Geoscientists are highly qualified and are responsible for analysing the geography of a location for discovery, evaluation, or assessment. Since all basic industries involve generating raw materials from the earth, geoscientists are in high demand and have a good remuneration.
Food Technologist ($62,000/year):
They process the raw materials from the agriculture industry into nutritional and safe food through research, development and testing in labs.
Civil Engineers ($78,000/year):
Civil engineers are in demand across all of the basic industries for the construction of infrastructure at all levels of the industry.
The basic industries provide raw materials to the other disciplines of manufacture and production. Iron and steel are examples of raw materials. Yet, today’s children frequently confront difficult decisions whenever it comes to employment options. They are unsure of which professional path is best for them. Today, many debates whether entire industries are a viable career path. This is because such positions are not well-publicized in their respective groups. The basic industries are those that provide raw resources to other industries. Their careers are quite different, yet they are both extremely rewarding.