Classify the industries on the basis of size.
Answers
Answer:
Classification of Industries "
Industries can be classified on the basis of source of raw materials, size and ownership.
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<> On the basis of Source of Raw Material
Industries can be agro-based, mineral-based, marine-based and forest-based, depending on the type of raw materials they use.
a) Agro-based Industries.
They use plants and animal-based product as raw materials. food processing, cotton textile, vegetable oil, diary products, sugar, tea, coffee, leather Industries are the examples of agro-based industries.
b) Mineral- based Industries.
They are primary industries that use mineral ores as their raw materials. The product of these industries are used as raw materials by other industries. e.g . iron and steel, cement, petrochemical etc.
c) Marine-based Industries.
They use products from the sea and oceans as raw materials. Industries processing seafood or manufacturing fish-oil are some examples.
d) Forest-based Industries.
They utilise forest produce as raw materials. The industries associated with forest are pulp and paper, pharmaceuticals, furniture and buildings.
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<> On the basis of Size.
It refers to the amount of capital invested, number of people employed and the volume of production. Based on size, industries can be small-scale industries and large-scale industries. These industries can be distinguished on the basis of capital and technology used.
a) Large-scale Industries.
If investment is more than one crore rupees in India, then it is called a Large-scale Industry, e.g. iron and steel, Automobile industries etc.
b) Small-scale Industries.
If the capital investment is less than one crore rupees in India, it is termed as small-scale industry, e.g. silk weaving and good processing industries.
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Answer:
Based on size, industries can be classified into small scale and large scale industries. Cottage or household industries are a type of small scale industry where the products are manufactured by hand, by the artisans. Basket weaving, pottery and other handicrafts are examples of cottage industry.