Question

Name three common methods of classifying industries
pls give one word or one sentence​

Answer 1

Answer:

hope it helps you

Explanation:

happy it helps you

Answer 2

Industries are classified on the basis of raw materials used, size and ownership.

Explanation:

1. Raw material

• Agro-based Industries: These industries use plant and animal-based products as their raw materials. Examples are food processing, vegetable oils, cotton textiles, 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 construction materials.

• Marine Based Industries: Marine based industries use raw materials from the sea or the sea. For example, fish oil.

• Forest based industries: These industries use raw materials obtained from the forest such as wood. Industries associated with the forest are paper, medicine and furniture.

2. Size

• The size of industries is measured by how much money is invested, the number of employees and the goods produced.

• Small Scale Industries: Small scale industries involve less capital and technology investment. Physical labor is often seen here. Example, basket weaving, pottery and handicrafts.

• Large Scale Industries: Large scale industries are the exact opposite of small scale industries. The capital invested here is huge and advanced technology is being used here. Examples, 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 run jointly by the state and individuals. For example, Maruti Udyog.

• Cooperative Sector Industries: Cooperative industries are operated by raw material suppliers, producers or workers. Example, Amul Bharat.