Discribe the classification of industries.
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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. ... They use plants and animal-based product as raw materials
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Explanation:
* 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. They use plants and animal-based product as raw materials.
* In economics, industries are customarily classified as primary, secondary, and tertiary; secondary industries are further classified as heavy and light.
* At the top level, they are often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services).
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