Question

Describe the classification of industries on the three different bases

Answer 1

Industries are broadly classification into three types (i.e. On the basis of Raw Materials, On the basis of Size and On the basis of Ownership). 1. On the basis of Raw Materials: These types of industries are classified depending on the type of raw materials they use.

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Answer 2

Explanation:

Ans: Industries are broadly classification into three types (i.e. On the basis of Raw Materials, On the basis of Size and On the basis of Ownership). 1. On the basis of Raw Materials: These types of industries are classified depending on the type of raw materials they use.