Classify the industries on the basìs of capital investment ownership bulk and weight of raw material and finished products
Answers
Industries can be classified into the following categories :
(a) On the basis of capital investment :
(i) Large scale industries make large capital investment of more than one crore of rupees. They employ large numbers of people and use a large number of machineries, e.g. cotton textile.
(ii) Small scale industries involve capital outlay of less than one crore rupees, employ a smaller number of labourers and use few power driven machineries, e.g. cycle parts manufacturing.
(b) On the basis of ownership :
(i) Public sector industries are owned and operated by government agencies, e.g. Rourkela Steel Plant.
(ii) Private sector industries are owned and operated by an individual or a group of individuals, e.g. Bajaj Auto Ltd.
(iii) Joint sector industries are jointly run by the state and individual entrepreneurs e.g. Oil India Ltd.
(ii) Cooperative sector industries are owned and managed by the producers and suppliers of raw materials or by workers. They pool in their resources and share the profits and losses proportionately, e.g., sugar industry in Maharashtra.
(c) On the basis of bulk or weight of raw material and finished products :
(i) Heavy industries use bulky raw materials and their finished products are also heavy, e.g., iron and steel industry.
(ii) Light industries use light raw materials and their finished products are also light, eg. electrical industries producing bulbs.
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