Meaning and Types of Occupation | Commerce

What is Occupation?

Any economic or productive tasks that people carry out in order to produce and offer goods and services in order to support their daily lives are considered occupations.

People work at a variety of jobs nowadays to support their families and fulfill their many desires. Some examples of occupations include farming, teaching, and trading.

Types Of Occupation

Occupations fall under 3 category namely; Industrial and Commercial and Service occupation

1. Industrial Occupation

Describes all operations entailed in the physical manufacture of products. There are people that work at gathering raw materials from the land or the sea and processing them into completed products or components.

SEE ALSO: Meaning of industrial occupations

Types Of Industrial Occupation

• Extractive Industries: These are the businesses that are involved in mining raw materials and natural resources from the ground or the sea. All forms of farming, fishing, mining, forestry, and hunting are included.
• Manufacturing Occupations: Workers in the manufacturing sector are responsible for processing and creating finished goods from primary industry’s output of raw materials. Here, the raw materials or natural resources are turned into final products. After passing through many processes to add value and utility,
• Constructive Occupation: Constructive occupation refers to all of the tasks performed by people who assemble manufactured things into usable forms. They put manufactured goods to use in a variety of ways, such as bricklaying, building roads, goldsmithing, etc. They work on building buildings, bridges, roads, etc.

2. Commercial Occupation

The act of buying, reselling, and distributing products and services is known as commerce. All jobs involving trade and other activities that guarantee the effective and efficient distribution of products and services are included. This type of occupation ensure the goods get to the consumers.
They includes industries like transportation, finance, insurance, tourism, and marketing and are also referred to as ancillaries to trade.

Types Of Commercial Occupation

• Trading: Trading is the act of buying and selling products and services, and it is concerned with all of the people that engage in this activity.
• Insurance: Insurance is concerned with the actions people take to protect persons and businesses against danger in their regular work.
• Banking: People who help other people obtain the things they need on a daily basis
• Advertising: The business of informing prospective customers of a product’s existence falls under the heading of advertising.
• Transportation: Transporting products and services to their destinations is what transportation is all about.
• Warehousing: Those involved, such as the warehouse manager, clerk, etc., are focused on making sure that manufactured items are kept in storage until they are required for consumption.
• Tourism: The term “tourism” refers to all activities involved in developing tourist destinations, such as national parks.
• Communication: Activities that encourage the swift passage of messages or from one location to another are considered to be part of communication.

3. Service Occupation

It includes any and all endeavors that are directed toward the provision of services. Service employees are any individuals who are employed in the provision of services to customers. Workers in the service industry may provide either direct or indirect assistance to customers.

Types Of Service Occupation

• Direct Services: Personal services supplied for immediate consumption that are paid for directly by the consumers of the services are considered direct services. People in this line of work include actors, barbers, waiters, and medical doctors among others.
• Indirect Services: Services provided to the general public are considered indirect services. They are not paid nor directly supported by the general public. The payment for such services are made by the government through public taxes and levies.
  As a result, people involved in providing indirect services are compensated by the government, such as hospital doctors, members of the police force, military, and customs agents.

Factors Determining The Types Of Occupation

1. Climatic and Weather Differences: A place’s climate and weather conditions impact the kind of jobs that can be found there. For example, a fisherman will be in a riverside area.
2. Salary and Wages: The compensation and terms of services have an impact on employment as well.
3. Industrial hazards: People’s involvement in a profession is also influenced by the risk and security associated with that occupation.
4. Government policies: some types of occupation is determined by both the government’s policies and the applicant’s age.
5. Education and Skills: Education and ability can also influence the types of jobs available, for instance, the extractive sectors employ a large number of unskilled employees.