industry engaged in the process of conversion of iron ore into finished goods. identify the name and type of industry
Answers
Explanation:
Ever wondered where your smartphone came from? You purchased it from a shop sure, but the shopkeeper purchased it from his distributor, the distributor purchased it from the manufacturer. And, the manufacturer produced a final product, your smartphone, from the raw materials available to him. Thus, the manufacturer is the origin of your smartphone. An industry is a group of organizations involved in producing/manufacturing or handling the same type of product and service. So, a group of smartphone manufacturers is known as an industry.
Precious Water
Transportation and Communication
Temperature Measurement
Industry: An Introduction
Industries are part of the secondary activity. Secondary activities or manufacturing converts raw material into products of more value to people. Industry refers to economic activities concerned with the production of goods, extraction of services and provision or services. Hence we can say that Industries are concerned with:
Production of good (steel energy)
Extraction of minerals (coal mining)
Provision for services (tourism)
There are also Emerging Industries: ‘Sunrise Industries’
Classification of Industries
1. Raw material
Agro-based industries: These industries use plants and animal-based products as their raw materials. Examples, food processing, vegetable oil, cotton textile, dairy products, and leather industries.
Mineral based industries: Mineral-based industries are based on mining and use ‘mineral ore’ as raw material. These industries also provide to other industries. They are used for heavy machinery and building materials.
Marine-based industries: Marine-based industries use raw materials from sea or ocean. Examples, fish oil.
Forest-based industries: These industries use raw materials from the forest like wood. The industries connected with forest are paper, pharmaceutical, and furniture.
2. Size
Size of industries are measured by how much money is invested, employee count and goods produced.
Small-scale industries: Small-scale industries have less capital and technology invested in them. There is often manual labour noticed here. Example, Basket weaving, pottery, and handicrafts.
Large-scale industries: Largescale industries are the exact opposite of small-scale industries. Here the capital invested is large and advanced technology is in use here. Example, Automobiles and Heavy Machinery.
3. Ownership
Private sector: Private industries are businesses that are owned and operated by an individual or group of individuals.
Public sector: Public industries are owned and managed by the government. Example, Hindustan Aeronautics Limited (HAL)
Joint sector industries: These industries are jointly operated by the state and individuals. Example, Maruti Udyog.
Cooperative sector industries: Cooperative industries are operated by the suppliers, producers or workers of raw material. Example, Amul India.
Industrial Systems
Industrial systems are made up of input, processes, and output. The input of raw materials, labour, land, power, and other infrastructure. The process is the plan the manufacturer has of how to turn raw materials into finished products of value. And finally, the output is the end of the product from which the income earned it.
Industrial Clusters
Industrial clusters occur when many industries are located close to each other and share the benefits of their closeness. Major industrial clusters in India are:
Mumbai-Pune cluster
Bangalore-Tamil Nadu region
Hugli region
Ahmedabad-Baroda region
Chottanagpur industrial belt
Vishakhapatnam-Guntur belt
Gurgaon-Delhi-Meerut region
Kollam-Thiruvananthapuram industrial cluster
Distribution of Major Industries
As we learned how industries were classified according to raw material, size, and ownership. Here we will learn the distribution of some major industries, which are iron and steel industry and textile industry are the oldest industries that have had their role in Indian industrialization.