industries notes class 8 pdf With points and better explanation
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The industry refers to that economic activity which is concerned with converting the raw material or semi¬finished goods into finished goods.
Industries are classified:
- Agro-based industries, Mineral-based industries, Marine-based industries, Forest-based industries.
- On the basis of size: Small scale industries and Large scale industries.
- On the basis of ownership: Private sector industries, public sector industries and joint sector industries.
>>>>Availability of raw material, land, water, labour, power, capital, transport, market and government policies are the important factors that affect the location of industries.
>>>>Iron & Steel Industries, Textile Industries and Information Technology Industry are the world’s major industries.
>>>>The product of Iron & Steel Industry is the raw material for the other industries. So, it is also called the feeder industry. Steel is often called as the backbone of modern industry.
>>>>The Information Technology Industry deals in the storage, processing and distribution of information.
- The Information Technology Industry deals in the storage, processing and distribution of information.Secondary activities are those that involve processing of natural resources. Manufacturing is a secondary activity. Manufacturing refers to changing raw materials to a product, i.e. to a usable form, which can be more valuable to people.
Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or provision of services.
We classify industries on the basis of raw materials, size and ownership.
- Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or provision of services.We classify industries on the basis of raw materials, size and ownership.On basis of raw materials, industries are agro-based, mineral-based, marine-based or forest-based.
The raw material of agro-based industries consists of plant and animal-based products. Some examples are food processing, cotton textile industry and leather industry.
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