Business Studies, asked by afreen457, 1 day ago

any two types of industries​

Answers

Answered by lizze1729
1

The classification of industries is as follows:

Primary Industry:

Primary industry is an industry in which production of goods is carried out by the human beings with the help of natural resources, e.g., agriculture, forestry, hunting, fishing, afforestation, etc. After processing, products of primary industry are used by the secondary industry as raw materials. Thus output of primary industry becomes the input of secondary industry, e.g. raw cotton, sugar cane, etc. are used as raw materials (inputs) by the cotton industry, sugar industry.

The different type of primary industry:

(a) Agriculture industry: Agriculture industry is concerned with farming and cultivation of land. The different types of crops are cultivated in this industry. The quality of products depend on the fertility of land, rainfall, etc.

(b) Extractive industry: This industry is related to extraction of natural resources (wealth) from land, air and water, e.g. extracting minerals. coal, oil, gold, petroleum, etc. from beneath the earth and fishing from water, etc. The products of this industry may be used as they are or they may be sent to secondary industry for further processing.

(c) Genetic industries: The term "genetics' refers to heredity. Thus, in genetic industry reproduction, multiplication and growth of certain species of plants and animals are carried out, c.g... animal husbandry, silk farming, poultry farming, cattle breeding, plant nursery, horticulture, etc.

Secondary industry:

Industry which depends upon primary industries for raw materials for processing and conversion into finished goods is called secondary industry, e.g. sugarcane provided by the primary industry is used for making sugar by sugar industry. Secondary industry is further classified as follows:

(a) Manufacturing industries: These industries are engaged in the process of conversion of raw materials into finished goods, with the help of machine power and manpower, e.g., iron and. steel industry. cement industry, cotton textiles industry, sugar industry, etc. The output of manufacturing industry can be consumed or used. directly. These industries produce two type of goods viz. (1) Capital goods like machines, tools, equipment, etc. and (ii) Consumer goods like sugar, oil, clothes, eatables, etc.

(b) Construction industries: These industries are engaged in the construction of buildings. roads, bridges, canals, dams, ports, etc. This industry creates immovable wealth. The output of this industry is sold at the same place where they are produced.

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