Question

What are the various types of industries?

Answer 1

Answer:

The various types of industries are as follows :  

PRIMARY INDUSTRIES :  

Primary industry include the following :  

Extractive industries  :

Economic activities concerned with extracting goods from earth, water and air form extractive industries.

These industries are generally concerned with natural gifts such as mining, fishing and farming.

Genetic industries :  

This industry is concerned with plantation and animal husbandry , poultry, cattle breeding, sapling, dairy and plantation.

SECONDARY INDUSTRIES :  

These Industries include the following :  

Manufacturing industries :  

This industry is concerned with transforming raw materials and semi manufactured goods into finished goods. These Industries are concerned with manufacturing of Goods such as paper, sugar ,Steel, cement , leather etc. This industry also include assembly industries.  

Constructive industries :  

This industry is concerned with the construction of immovable property such as  buildings, roads, bridges, railway lines etc.

TERTIARY (SERVICE) INDUSTRIES :  

These days services also categorised as industry.  Transport, communication, banking, insurance and professional services of chartered accountants, lawyers, doctors, advertisers, management and financial consultants are also part of service industry.  

HOPE THIS ANSWER WILL HELP YOU…

Here are some more questions from this chapter :  

Explain any two business activities which are auxiliaries to trade.

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What is the role of profit in business?

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Answer 2

Answer:

The 4 Types of Industries are :-

1. Primary
2. Secondary
3. Tertiary
4. Quaternary

Hope it Helps !!!!