Ch – 5 Industries

Priya's Learning Centre

Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or the provision of services.

Classification of Industries:

It can be classified on the basis of raw materials, size and ownership.

Raw materials:

  • Based on the type of raw materials used by the industry, we can further classify them into:
  • Agro Based Industry:
  • It uses plant and animal based products as their raw materials.
  • Eg: Diary products, Leather industries
  • Mineral Based Industry:
  • It uses mineral ores as their raw materials.
  • Eg: Iron & Steel industry, Building materials industry
  • Marine Based Industry:
  • It uses products from sea and oceans as their raw materials.
  • Eg: Sea food processing industry, Fish oil industry
  • Forest Based Industry:
  • It uses forest produce as their raw materials.
  • Eg: Pharmaceutical industry, Paper industry

Size:

  • Based on the amount of capital invested, number of people employed and the volume of production, weโ€ฆ

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Published by Priya Prakash

In the midst of winter, i found there was within me an invincible summer ~ Albert Camus

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