Question

what is meant by industry? explain various types of industries with suitable example?( Plz answer in your own words)

Answer 1

The production side of business activity is referred as industry. It is a business activity, which is related to the raising, producing, processing or manufacturing of products...
Classification / Types of Industries ↓
1. Primary Industry

Primary industry is concerned with production of goods with the help of nature. It is a nature-oriented industry, which requires very little human effort. E.g. Agriculture, farming, forestry, fishing, horticulture, etc.

2. Genetic Industry

Genetic industries are engaged in re-production and multiplication of certain spices of plants and animals with the object of sale. The main aim is to earn profit from such sale. E.g. plant nurseries, cattle rearing, poultry, cattle breeding, etc.

3. Extractive Industry

Extractive industry is concerned with extraction or drawing out goods from the soil, air or water. Generally products of extractive industries come in raw form and they are used by manufacturing and construction industries for producing finished products. E.g. mining industry, coal mineral, oil industry, iron ore, extraction of timber and rubber from forests, etc.

4. Manufacturing Industry

Manufacturing industries are engaged in transforming raw material into finished product with the help of machines and manpower. The finished goods can be either consumer goods or producer goods. E.g. textiles, chemicals, sugar industry, paper industry, etc.

5. Construction Industry

Construction industries take up the work of construction of buildings, bridges, roads, dams, canals, etc. This industry is different from all other types of industry because in case of other industries goods can be produced at one place and sold at another place. But goods produced and sold by constructive industry are erected at one place.

6. Service Industry

In modern times service sector plays an important role in the development of the nation and therefore it is named as service industry. The main industries, which fall under this category, include hotel industry, tourism industry, entertainment industry, etc.

Answer 2

Industry and its various types with suitable example.

Explanation:

• An industry is that sector that is responsible for the production and manufacturing of the gods and the services within an economy and is classified into major groups on the basis of the functions performed.  

• And can be defined as group of manufacturers and business that produces a particular type of good etc. The major type of industries in agriculture is the fishing, timber, and tobacco industry. These focus on utilizing the raw matter from natural sources. Examples of food products like fruits, vegetables.  

• Manufacturing consists of a variety of the industries that are made through the technology and skills as the automobile industry, electronic industry, the chemical industry, pharmaceutical industry.

• Telecomm, pulp, and paper industry, iron and steel industry, textile industry, and others. Examples of the types for cars, medicine and drugs for diseases.

• The services industry, on the other hand, includes the mass media, entertainment industry, education industry, industry, transport industry, tourism industry, and hospitality industry. Examples include the medical facilities, trade and travel and banking facilities, etc.

Learn more about the industry and its various types of industries with example.

• brainly.in/question/1267984 answered by Jyotisingh8192.