What is the meant by the term industry? Explain the different types of industries on the basis of raw materials.
Answers
Answer:
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services.
The different types of industries based on raw materials are:
1) Agro based or Agricultural based: When the raw materials are obtained from the agricultural products. Sugar industry is an example of agro based industry.
2) Mineral based: When the raw materials are obtained from the minerals. Petrochemical industry is an example of mineral based industry.
Explanation:
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services.
The different types of industries based on raw materials are:
1) Agro based or Agricultural based: When the raw materials are obtained from the agricultural products. Sugar industry is an example of agro based industry.
2) Mineral based: When the raw materials are obtained from the minerals. Petrochemical industry is an example of mineral based industry.