Question

explain the classifiation of industries

Answer 1

Industries can be classified into several groups: On the Basis of Strength of Labour:

Large Scale Industry:

Industries which employ a large number of labourers in each unit are called large-scale industries. Cotton or jute textile industries are large scale industries.

Medium Scale Industries:

The industries which employ neither very large nor very small number of labourers are put in the category of medium scale industries. Cycle industry, radio and television industries are some examples of medium scale industries.

Small Scale Industries:

Industries which are owned and run by individuals and which employ a small number of labourers are called small scale industries.