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1. Primary and Secondary industry
Primary industry- Involves the retrieval and
production of raw materials, such as corn, coal, wood and iron.
Secondary industry- involves the transformation of raw or intermediate materials into goods e.g. manufacturing steel into cars, or textiles into clothing.
2. Large scale and small scale industry
Large scale Industry- They are capital intensive as they require huge capital investment to establish and operate it.
small scale industry- They are labour intensive, as their dependency on the labour force is high, but they also require capital for its operation and expansion.
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