Question

Describe about industries based on size in detail for class7

Answer 1

Based on size we have:large scale and small scale industries.

Based on ownership we have: Private owned, state or public owned, jointly owned and cooperatively owned.

Based on raw materials we have :Agrobased, marine based, mineral based, and forest based.

An economic activity which involves extraction of minerals, production of goods or the provision of services is referred to as an industry. Industries can be classified on the basis of size, ownership and raw materials.