Question

how can industry be classified​

Answer 1

Answer:

Industries can be classified in a variety of ways. At the top level, industry is often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services). ... Over time, the fraction of a society's industry within each sector changes.

Explanation:

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Answer 2

Balanced regional development is an important condition for the harmonious and smooth development of a country. It does not imply equal development of all regions of a country. Rather it indicates utilisation of development potential of all areas as per its capacity so that the benefit of overall economic growth is shared by the inhabitants of all the different regions of a country.

Thus the regional balance implies uniform distribution pattern of the planned investment among different regions of a country. Alternatively, regional balance demands distribution of investment in such a way so that the regional rates of growth in different parts of the country be equally attained, eliminating the regional disparities prevailing in the country.

Thus to attain regional balance, it is quite important that the backward regions should try to attain higher rate of growth than that of developed areas.

Balanced regional development does not indicate attainment of self-sufficiency of level of industrializa­tion or uniform economic pattern for each state rather it simply indicates wide spread diffusion of industry in backward areas.

The balanced regional development is broadly guided by the people in backward areas which can be attained simply through its development of agriculture, industry, infra-structure, trade and commerce. According to Mumford, “it is a problem of increasing habitability, a problem of social and economic renewal.”

Thus by the term regional development, we mean economic development of all regions simultaneously, raising their per capita income and living standards by exploiting their natural and human resources fully...........