Question

what are the different bases to
classify industries​

Answer 1

Answer:

                        Different bases to classify industries​

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

• 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.

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