Classify the industry on the basis of production
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Industries can be classified on the basis of source of raw materials, size and ownership. 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.
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On The Basis of Ownership
Based on the ownership, industries can be classified into the following four categories: ... Joint Sector: Government and individuals jointly own these industries, e.g. Oil India Limited. Cooperative Sector: Producers or suppliers of raw materials, workers or both own these industries.
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