state five basis on which industries are classified.
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Answer:
- Industries are classified on the basis of: Agro Based Industries. Mineral Based Industries. Pastoral-Based Industries
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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
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