Question

Name the three common methods of classifying industries

Answer 1

We can classify industries in three common categories. These are primary industries, secondary industries and tertiary industries.

Step by step explanation:

• Primary industries refer to those who utilize and cultivate natural resources. Such as mining and agriculture.

• Secondary industries refer to those who help in converting the output of the primary industries into products to be used. Such as construction, manufacturing and power generation.

• Tertiary industries refer to those industries that focus mainly on the production of the services. Such as education, advice, banking and transportation.

Answer 2

Answer:

lndustries are classified on basis of raw materials, size and ownership.

Explanation:

• Raw materials :- On the basis of raw materials lndustries can be classified into four categories depending on the basis of raw materials they use. These are Agro based, mineral based, marine based and forest based.

• Size :- on the basis of size lndustries can be classified into large scale and small scale industries.

• Ownership :- lndustries can be private sector, joint sector or co-operative sector.