What are the basis on which the industries can be classified? Give at least two examples for each
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 of people 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.
Answer:
Industries can be classified in various ways
Explanation:
1. Size of industry
small scale, medium scale, large scale
2. Types of goods produce
Tobacco industry, furniture industry etc.
3.Based on ownership
public, private or government owned
4.Based on ra w materials
agro based ,fish industry etc