what are industry and types of industry
Answers
There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing.
INDUSTRY AND ITS TYPE: Industry: production of goods for sale by the application of human or mechanical power is called industry. In other words, the term industry refers to the productive aspect of business. Classification of industries, on the basis of types of goods produced, is as follow.
industry refers to an economic activity that is concerned with the production of goods , extraction of minerals and provision of services
industry can be classified on the basis of
1. Raw material
agro based , mineral based , marine based , forest based
2. Size
small scale , large scale
3. Ownership
private sector , public sector , joint sector , co-operative sector