Accountancy, asked by wafimubashir123, 1 year ago

‘Multi-Industries Private Ltd.’ is a big company of Private Sector. It produces several agricultural products like sugarcane, cotton, etc. This company uses all its own agricultural products as raw material instead of selling them in the market. The sugar cane is used to produce sugar and similarly, the cotton is to make cloth. The company has established its sugar and the cloth mill at a place where the people were very much worried due to unemployment. In this way, the company provided employment to about 500 local people. Besides, the company paid a special attention to greenery all around its factories. The company’s business is growing fast. (a) To which sub-type of industries are related the different products described in the above paragraph?

Answers

Answered by teenachawla1980
20

Answer:

Explanation:

Sugarcane and cotton - Extractive industries (Primary industries)

Primary industries are connected with the extraction and production of natural resources , and reproduction and development of living organisms , plants , etc. Extractive industries extract or draw out various products from natural resources such as earth, soil , water , etc . Farming , mining , fishing , hunting , lumbering , oil extraction , etc . are examples of extractive industries.

(ii) Sugar and cloth - Processing incustries (Secondary industries)

Secondary industries are concerned with using the materials extracted at the primary stage to produce goods for final consumption or further processing by other indusctral units.

Processing industries are manufacturing industries which involve successive stages for manufacturing finished products ( e.g., sugar , cloth , paper , etc.).

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