Name the basis on which industries are classified.
Answers
Industries can be classified on the basis:▪Raw materials ▪Size ▪Ownership
On the Basis of Raw Materials:Agro based industries: Use plant and animal based products as their raw materials. Examples: Food processing,vegetable oil, cotton textile, dairy products and leather industries.Mineral based industries: Use mineral ores as their raw materials. The products of these industries feed other industries.Example: Iron made from iron ore.Marine based industries: Use products from the sea and oceans as raw materials. Examples: Industries processing sea food or manufacturing fish oil Forest based industries: Use forest produce as raw materials. Examples: pulpand paper, pharmaceuticals, furniture and buildings
On the Basis of Size (refers to theamount of capital invested, number ofpeople employed and the volume of production):Small Scale industries: Use lesser amount of capital and technology.Example: Cottage or household industries where the products are manufactured by hand, by the artisans. Basket weaving,pottery and other handicrafts are products of cottage industry.Large Scale industries: Use higher capital is higher and superior technology.Examples: Silk weaving and food processing industries.
Private Sector industries: Owned and operated by individuals or a group of individuals. Examples: Reliance IndustriesLimited and ITC Limited.
Public sector industries: Owned and operated by the government. Examples:Hindustan Aeronautics Limited and Steel Authority of India Limited.Joint sector industries: Owned and operated by the state and individuals or agroup of individuals. Example: Maruti Udyog Limited Co-operative sector industries: Owned and operated by the producers or suppliers of raw materials, workers or both. Examples: Anand Milk Union Limited and Sudha Dairy.
Explanation:
The different ways in which industries are classified:
(i) On the basis of source of raw materials are classified:
• Agro based industries
• Mineral based industries
(ii) On the basis of their main role
• Basic or key industries
• Consumer industries
(iii) On the basis of capital investment
• Small scale industries
• Large scale industries
(iv) On the basis of ownership
• Public sector
• Private sector
• Joint sector
• Cooperative sector
(v) Based on the bulk and weight of raw material and finished products
• Heavy industries
• Light industries
hi friend plz thank my 30 answers plz
I will thank you back