1/what is manufacturing
2/what are the types of industries
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Explanation:
On The Basis of Ownership
Based on the ownership, industries can be classified into the following four categories: Public Sector: Government agencies own and operate these industries, e.g. SAIL, BHEL, ONGC, etc. ... Cooperative Sector: Producers or suppliers of raw materials, workers or both own these industries.
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Explanation:
1. Manufacturing is the production of goods through the use of labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy.
2. Industry, a group of productive enterprises or organizations that produce or supply goods, services, or sources of income. In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.
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